PUMP Token Plummets 40%—But Could This Unexpected Move Spark a Massive Comeback?
Data from CoinMarketCap revealed that PUMP’s 24-hour trading volume has risen by 32% to $721 million compared to the previous day.
This rising trading volume, along with the price dip, hints at a strong bearish momentum and further suggests that this price downside momentum may continue for the coming days.
Recently, a crypto expert shared a data report suggesting that profit booking is the primary reason behind the ongoing price dip.
Source: CoinMarketCap
According to the expert, PUMP has dropped below its private sale price of $0.004 due to heavy selling by top holders.
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