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CATEGORY: pump


Sep 07, 2024 12:05

Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom

Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level. As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the short-term will continue to be bearish. Is SOL Preparing For $100? Triple Bottom Forms Though some analysts are upbeat, expecting a rebound toward the $200 zone in the coming days and weeks, others are bearish. Taking to X, one analyst said SOL, in line with the current state of price action, thinks the coin will slip to as low as $100. Related Reading: Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market? This outlook, it should be noted, follows the recent drop from a key resistance, previously supported, level at around $140. With the coin changing hands at $130, the analyst is convinced there will be more losses in a bear trend continuation pattern. From his outlook, SOL will trickle lower “if nothing changes” in the market. The forecast, looking at the candlestick formation in the daily chart, isn’t surprising. As mentioned earlier, SOL is down by nearly 40%% from March highs. With prices consolidating and moving inside a wide range of between $210 on the upper end and $130 on the lower end, this prediction aligns with recent price movement. Presently, SOL is now retesting multi-month support as a triple bottom form. For the printout of the uptrend from October 2023 to March 2024, SOL must find support around spot rates. Subsequent gains above $140 and $160 could spark demand, lifting the coin toward $190 and, finally, $210 or 2024 highs. Solana Dumps, Bitcoin Sell-Off And Pump.fun Liquidation Impact Sentiment Even so, the leg up will depend on a multitude of factors. A recovery in Bitcoin prices would almost likely lift altcoins, of which SOL is highly ranked. Besides this, the resurgence of meme coin activity on Solana will be a big price movement. Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An Insane Rally Lookonchain data shows that Pump.fun, a meme coin launchpad on Solana, has been liquidating SOL. Being a large holder, their action is net-negative, impacting sentiment and helps sow doubt on the strength of buyers. As a SOL whale, the more they sell, the more retailers dump, following in their path. By September 3, the meme coin launchpad had sold over 264,000 SOL worth more than $1.3 million. Feature image from Shutterstock, chart from TradingView

Sep 05, 2024 03:05

SunPump Token Adopts 100% On-Chain Buyback And Burn, Outpaces Solana Rival Pumpfun

In a bold move, Tron founder Justin Sun announced that the SunPump meme token will adopt a “100% on-chain buyback and burn” mechanism, marking a significant shift in the token’s strategy. Moving away from traditional LP token burns, SunPump will now focus entirely on its on-chain buyback and burn process, […]

Sundoge Reigns Supreme on SunPump: Dominates with 51% of All Transactions

Author: Arslan Tabish
Estonia
Sep 05, 2024 02:30

Sundoge Reigns Supreme on SunPump: Dominates with 51% of All Transactions

CryptoQuant, the esteemed analytics provider, has identified the rapid ascent of Sundoge as the star of the SunPump platform. Since August 13th, SunPump has become a hub for the launching of new meme coins due to its simple design. However, the number of coins has been increasing, and only a few have managed to attract […]

Solana price falls 12% as Pump.fun sells $41M SOL tokens

Author: Cointelegraph by Zoltan Vardai
United States
Sep 05, 2024 12:00

Solana price falls 12% as Pump.fun sells $41M SOL tokens

Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on  SOL, which could be the next major crypto to receive spot ETF approval in the United States.

Ethervista launches on Ethereum, aims to outshine Pump.fun with secure liquidity locks

Author: Oluwapelumi Adejumo
United States
Sep 04, 2024 01:10

Ethervista launches on Ethereum, aims to outshine Pump.fun with secure liquidity locks

Ethereum now has its own native platform Ethervista where people can create and launch memecoins in the same vein as Solana-based memecoin deployer Pump.fun. Ethervista is a decentralized exchange (DEX) that introduces a novel approach to liquidity management and token launches on the Ethereum network. One of its key features is the 5-day […]

The post Ethervista launches on Ethereum, aims to outshine Pump.fun with secure liquidity locks appeared first on CryptoSlate.

Justin Sun implements 100% onchain buyback for SunPump

Author: Cointelegraph by Josh O'Sullivan
United States
Sep 04, 2024 12:00

Justin Sun implements 100% onchain buyback for SunPump

Justin Suns SunPump community abandons LP token burning in favor of a more transparent onchain buyback and burn process.

Dutch regulator warns of crypto pump-and-dump risks ahead of MiCA

Author: Cointelegraph by Josh O'Sullivan
United States
Sep 30, 2024 12:00

Dutch regulator warns of crypto pump-and-dump risks ahead of MiCA

The Dutch AFM issued warnings about crypto market manipulation, focusing on pump-and-dump schemes ahead of MiCAs implementation in December.

Sep 28, 2024 03:00

Arthur Hayes $PEPE Withdrawal: Pump-and-Dump Concerns Raised

Former CEO and Co-Foudner of BitMex, Arthur Hayes recently withdrew 24.39 billion $PEPE which is worth around $252,000…

Major memecoins are down 63% on average despite market frenzy

Author: Cointelegraph by Robert D. Knight
United States
Sep 12, 2024 12:00

Major memecoins are down 63% on average despite market frenzy

The top 10 memecoins are struggling as safe-launch tokens capture significant market attention and investor funds.

Crypto Investor Loses $1M in 1 Hour in $MBAPPE Pump-and-Dump Scam

Author: Kashif Saleem
Estonia
Aug 30, 2024 02:30

Crypto Investor Loses $1M in 1 Hour in $MBAPPE Pump-and-Dump Scam

A cryptocurrncy invstor lost ovr $1 million in just one hour on Thursdy, flling victim to clssic pump-nd-dump scm. Th invstor, lurd by dcptiv socil mdi promotions, pourd significnt sum of 7,156 SOL (pproximtly $1.03 million) into nwly lunchd mm coin clld $MBAPPE.  Th promotions pprd on th hckd X ccount of […]

Aug 24, 2024 05:50

Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues

The memecoin frenzy has reached the Tron Network after the launch of Pump.funs rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platforms remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, [...]

The post Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues appeared first on Crypto Breaking News.

Solana price hits a wall at $150 as several headwinds intensify

Author: Cointelegraph by Marcel Pechman
United States
Aug 21, 2024 12:00

Solana price hits a wall at $150 as several headwinds intensify

SOL price struggles to gain upward traction as DApp volumes plunge, spot ETF odds dwindle, and memecoins fail to rally.

Solanas Summer Boom: Raydium, Pump.Fun, and Jito Set Records

Author: Kashif Saleem
Estonia
Aug 03, 2024 02:30

Solanas Summer Boom: Raydium, Pump.Fun, and Jito Set Records

Solana’s cosystm hs bn xprincing blockbustr summr, fuld by surg in on-chin ctivity.  Trnsction volum hs skyrocktd, with dily ctiv ddrsss surpssing th 2 million mrk (bsd on 7-dy moving vrg), ccording to Th Block’s dt dshbord. This usr influx cn b lrgly ttributd to th succss of svrl ky dcntrlizd pplictions […]

Ethereum DApp volumes drop 33% in a week  Is more ETH price weakness ahead?

Author: Cointelegraph by Marcel Pechman
United States
Aug 20, 2024 12:00

Ethereum DApp volumes drop 33% in a week Is more ETH price weakness ahead?

Ethereums dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price?

Pump.fun hits record $28.7 million monthly agreement income for July

Author: Cointelegraph by Zoltan Vardai
United States
Aug 14, 2024 12:00

Pump.fun hits record $28.7 million monthly agreement income for July

The memecoin creation platform's record monthly income showcases the growing retail interest towards Solana-based memecoins like WIF and BONK.

Jul 04, 2024 03:10

Iggy Azaleas Response to Sydney Sweeneys Hack Sparks Angst

Iggy Azalea takes a jab at Sydney Sweeney after the famed Euphoria actress falls victim to serial crypto fraudsters.

Continue reading at DailyCoin.

Jul 27, 2024 05:50

Solanas Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin

Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases. Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended [...]

The post Solanas Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin appeared first on Crypto Breaking News.

Bitcoin Trump pump potential matches key technical signal  Can BTC break $71.5K?

Author: Cointelegraph by Zoltan Vardai
United States
Jul 27, 2024 12:00

Bitcoin Trump pump potential matches key technical signal Can BTC break $71.5K?

The Bitcoin chart flashed a crucial buy signal for investors, but BTC still faces significant resistance at the $68,500 mark.

Jun 27, 2024 05:50

Master Of Scams: Metallicas Hacked X Account Promotes Solana Token

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, [...]

The post Master Of Scams: Metallicas Hacked X Account Promotes Solana Token appeared first on Crypto Breaking News.

Lil Pump and dump: Rapper tattoos Solana on forehead after selling SOL tokens

Author: Cointelegraph by Ezra Reguerra
United States
Jun 15, 2024 12:00

Lil Pump and dump: Rapper tattoos Solana on forehead after selling SOL tokens

Lil Pumps new Solana tattoo sparked mixed reactions from fans and the crypto community, with some criticizing and others celebrating the move.

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