Pump.fun Soars 24% in 7 Days: Can PUMP Hit $0.1?

The Pump.fun (PUMP) token is up more than 24% over the past week, while the meme coin sector has added around $10 billion to its total valuation.

One of the main reasons why PUMP is this week’s top gainer is Pump.fun’s rising dominance in the Solana launchpad space – and this growth has encouraged mainstream crypto exchanges to list PUMP, thereby increasing its liquidity and global accessibility.

As PUMP now trades within striking distance of its all-time high (ATH) of $0.007, many market observers are wondering if PUMP can possibly hit $0.1.

While Pump.fun continues to attract new meme coin creators, investors are now looking for reliable tools to help them distinguish between rug pulls and genuine tokens. This is where Snorter Bot (SNORT) comes into the picture. It’s an automated trading bot on Telegram that has shown an 85% accuracy in successfully detecting scam tokens during its beta testing phase.

The project’s native SNORT token is currently in presale, and early buyers are rushing in to scoop up the tokens for just $0.1041 each.

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Pump’s Explosive Comeback Signals Strong Investor Confidence

Following an overwhelming show of investor support during its ICO, the PUMP token experienced an explosive rally after its public launch. A streak of green candles helped the meme coin quickly reach a record high of $0.007 on July 13.

Soon after this milestone, the meme coin saw a typical phase of profit-taking by some of its early buyers. As a result, the price hit an all-time low of $0.0022 at the end of July.

Following a somewhat choppy recovery in August, the PUMP token price has increased by more than 115% over the past two weeks alone. The token’s recent listing on Binance.US also sent its price soaring nearly 24%, and it’s having a volatile day today with peaks around $0.0064 so far.

Looking ahead, the popular market commentator Kook argues that as long as Pump.fun continues to reward creators with high payouts, the platform will naturally attract more streamers and viewers. That, in turn, should drive higher trading activity and push the PUMP token’s price upward – potentially toward or even above $0.01 (which would be a gain of roughly 77% from today’s prices). The ultimate bull target of $0.1 would still be a 10x from that point, which could be challenging but potentially achievable over the long term.

Kook also mentions that Pump.fun already dominates the meme coin category, so he sees this as an “easy play” with the potential to reach a $10 billion fully diluted valuation soon.

In practice, users can mint a new coin on Pump.fun’s platform in just a few clicks. The platform will then handle the meme coin’s trading activity, and even “graduate” successful tokens to larger exchanges once they hit certain market cap milestones.

The resulting flood of new meme coins has prompted investors to turn to tools like Snorter Bot as a way to safely snipe new tokens the moment they launch.

Snorter Token Raises $4 Million as Investors Bet Big on Telegram Bot

Smart investors are now rotating their capital into Snorter Token (SNORT), as its presale nears the $4 million milestone. It’s the native token of Snorter Bot, a trading bot platform that will allow you to snipe new meme coins in milliseconds through Telegram.

Since Snorter Bot will operate on the Solana blockchain, its proprietary technology will prevent orders from being “front-run” by other bots. In simple terms, you’ll get meaningful protection when buying the hottest new meme coins the instant they launch.

The bot also offers sophisticated security features like rug pull detection and MEV protection when purchasing these tokens.

Adding to the list of features, you can place advanced buy orders (including limit orders) and use the bot’s copy trading feature to emulate the strategies of top traders.

More importantly, SNORT token holders will receive exclusive VIP perks like lower trading fees of just 0.85% per trade and access to unlimited snipes.

In a recent video, well-known YouTuber Melos Crypto mentioned that he is bullish on the future of SNORT, as it continues to hit new milestones during its presale.

The analyst highlights that Snorter Bot’s multi-chain readiness and exclusive list of features can attract a huge number of users in the long run.

You can visit Snorter Token’s official website to buy SNORT before its highly anticipated exchange listing. You can then immediately stake your tokens to earn a passive income of up to 120% annually.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.