PUMP token from Pump.fun on Solana surged 104.7% in late August, climbing from $0.00265 to $0.00543, before pulling back nearly 30%. Bitcoin dropped below the $82,000 mark, weighing on the altcoin market and contributing to this correction. A token unlock of approximately $25 million occurred on September 12th, part of a monthly cliff unlock schedule releasing 1.47% of the float until June 2029. The $0.00317 support level is considered critical for maintaining a bullish trend. As long as PUMP’s price stays above this level, a bullish bias remains warranted for traders.
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