In the past day, the PUMP/USDT trend has been under pressure. This is the most active meme coin launch platform in the Solana ecosystem, with token prices falling between 5-11%, currently stuck in the range of 0.0017-0.0020 USD. The 24-hour trading volume has exceeded 100 million USD, indicating that market enthusiasm is still present, but the selling pressure is clearly stronger than the buying pressure.
As the largest meme coin generator on Solana, this platform launches more than 20,000 new coins daily, and its profitability performance is also good. But trouble has arisen – recently exposed lawsuit materials show over 5,000 internal communications records, accusing the platform of coordinating with institutions like Solana Labs to manipulate the market, causing many community members to panic sell.
However, from a technical perspective, the RSI indicator for PUMP has shown signs of being oversold, and many analysts believe there may be a brewing opportunity for a rebound here. If the platform can smoothly navigate through this wave of legal troubles, coupled with the seasonal rise of memes next year, it is not impossible for PUMP to reach historical highs again. Investors just need to be clear that the volatility of memes is inherently large and is essentially an asset driven by emotions. Currently, the focus on PUMP/USDT revolves around price decline and the impact of lawsuits; the long-term upward potential will ultimately depend on the resilience of the ecosystem.
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TokenomicsShaman
· 17h ago
The lawsuit caused panic selling, truly a classic tactic.
It's the same old market manipulation, just waiting to see who can walk away.
The RSI is oversold, and we still have to wait for the legal storm to pass; a rebound seems far away.
That's how memes work; if you can't play this emotional game, it's better to get out quickly.
5000 communication records? This time it's serious; can PUMP withstand it?
Let's wait and see, next year will either recover losses or permanently crash.
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AirdropSweaterFan
· 12-23 18:49
The litigation storm has arrived, and this wave is indeed a bit fierce, but I've heard quite a bit about the oversold rebound logic.
As for meme coins, they rely on emotions for trading; a single communication record can scare away half the community, it's funny.
The technical side, especially the RSI, is indeed interesting, but if the legal issues can't be resolved, then the rebound is pointless.
Instead of looking at historical highs, it's better to see if the platform can survive this winter, let's be realistic.
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TestnetFreeloader
· 12-23 18:27
The litigation is really something else, it's not the first time, can you trust this kind of coin?
Listen to me, don't touch it, wait until the storm passes before talking about it.
RSI Oversold? Ha, how many people has this theory deceived?
Emotional coins are like this, when they rise, everyone is a genius, when they fall, everyone is a fraud.
With market manipulation and communication records, the Solana ecosystem is in big trouble this time.
A trading volume of one hundred million doesn't scare me, before looking at the Rebound, you have to look at the judgment.
Seasonal? This term is used to deceive newbies, I don't believe it.
In the past day, the PUMP/USDT trend has been under pressure. This is the most active meme coin launch platform in the Solana ecosystem, with token prices falling between 5-11%, currently stuck in the range of 0.0017-0.0020 USD. The 24-hour trading volume has exceeded 100 million USD, indicating that market enthusiasm is still present, but the selling pressure is clearly stronger than the buying pressure.
As the largest meme coin generator on Solana, this platform launches more than 20,000 new coins daily, and its profitability performance is also good. But trouble has arisen – recently exposed lawsuit materials show over 5,000 internal communications records, accusing the platform of coordinating with institutions like Solana Labs to manipulate the market, causing many community members to panic sell.
However, from a technical perspective, the RSI indicator for PUMP has shown signs of being oversold, and many analysts believe there may be a brewing opportunity for a rebound here. If the platform can smoothly navigate through this wave of legal troubles, coupled with the seasonal rise of memes next year, it is not impossible for PUMP to reach historical highs again. Investors just need to be clear that the volatility of memes is inherently large and is essentially an asset driven by emotions. Currently, the focus on PUMP/USDT revolves around price decline and the impact of lawsuits; the long-term upward potential will ultimately depend on the resilience of the ecosystem.