Summary
- PumpFun has reported No.1 market share for five consecutive trading days recently.
- As of 7:01 AM on the 12th, PumpFun's token price has surged by 11.48% from the previous day, reaching $0.003443.
- It is analyzed that PumpFun's recapture of the throne during competitor LetsBonkFun's slowdown is the background for its price surge.
Attention is focused on whether PumpFun (PUMP), which had faltered in the meme coin launchpad sector, can reclaim its former reputation.
As of 7:01 AM on the 12th (KST), PumpFun is trading at $0.003443 on CoinMarketCap, up 11.48% from the previous day.
The sharp rise in PumpFun's token price is analyzed to be a result of PumpFun recapturing the No.1 market share. According to the crypto data provider Dune Analytics, PumpFun — which had remained in second place since July — took first place for five consecutive trading days (70.9% on the 6th, 65.1% on the 7th, 63.5% on the 8th, 64.3% on the 9th, and 67.1% on the 10th), as its competitor LetsBonkFun showed signs of slowing down.
During this same period, newcomers Bex and LetsBonkFun claimed the second and third spots in market share within the meme coin launchpad industry.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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