Israeli attacks leave at least 20 dead in Gaza
By Rodrigo Santos Andrade
The memecoins niche has more than doubled in value in the last 30 days.
On Wednesday (23), Alon Cohen, co-founder of PUMP, confirmed that the project will indeed distribute more tokens, but “this won’t happen in the immediate future.” Investors responded strongly, resulting in a 15% decline in the PUMP token.
PUMP raised approximately $600 million in minutes during its highly anticipated ICO, but many investors are in the red this week. This is because PUMP has fallen to $0.002899, about 49% below its listing price on July 12. The negative reaction comes at a time when the value of the memecoin market is finally rising amid investor enthusiasm.
The niche has more than doubled in the past 30 days to just under $76 billion, which is still 45% below its January peak, according to CoinMarketCap.
Tags: alon cohen, token, token pump
