The $PUMP market structure has completely shifted, according to
@DineroDom0:
- Sellers were previously in full control with larger downside moves
- Selling pressure is now exhausting as downside legs get shorter and spreads compress
- A rounded bottom formation and trend reversal are beginning to form
- The unlock overhang has cleared, removing a major source of uncertainty
- Revenues remain strong, recently surpassing Hyperliquid in weekly revenue 👀
- Despite criticism around volume, the protocol continues to generate significant fees while burning 50% of revenue
- Technicals, fundamentals, and sentiment are all showing signs of strength
Was a more vocal team (ie.
@sapijiju's weekly updates) the catalyst pumpfun was missing?!