PUMP’s Descent: Big Buyers Hide, Retailers Flee – 0.0046 Looms 🚀💸

Key Takeaways

Why did Pump.fun drop this week?

The token, like a weary traveler, stumbled 12% as DEX users vanished into the night, leaving behind a trail of $11.3 million in PUMP outflows. 🚪💸

What’s hinting at PUMP’s rebound?

CoinGlass whispered of heavy liquidity near $0.0046, a zone where short-covering rallies often emerge-like a flicker of hope in a storm. ⚡🌪️

Pump.fun [PUMP] suffered one of the steepest declines in the market, dropping 12% as sentiment shifted like a fickle lover. 🧨

While this decline may signal extended weakness, on-chain and Derivatives data suggest a possible reversal is already forming, like a seed buried beneath the frost. 🌱

Network activity climbs again

On-chain data revealed a surge in user participation on the Pump.fun protocol, as if the market had collectively decided to dance again. According to Artemis, the number of transaction users leapt to 110,200-though many were likely just fleeing the scene. 🕺🚪

This increase doesn’t necessarily indicate a clear bullish or bearish trend; rather, it reflects a mixed dynamic in the market. Notably, the Transaction Volume Count during this period jumped to $1.5 million, suggesting a surge in trading activity on the platform. 💸

However, given the prevailing bearish tone, most of these transactions likely came from sellers reducing exposure, like a crowd scrambling to exit a sinking ship. 🚢💨

Even so, Total Value Locked (TVL) data implied that heavy selling pressure persisted, with roughly $11.33 million worth of PUMP withdrawn in 24 hours-proof that even the bravest hearts can falter. 💔

Diverging sentiment between CEX and DEX investors

A widening gap has formed between decentralized and centralized exchange sentiment, like two warring factions with no common ground. 🧠⚔️

Reports show that Spot DEX investors maintained a bearish stance, reflected in a simultaneous decline in both users and transactions. 📉

Transactions fell to $8.4 million, involving just 221,000 users. When key metrics like these drop, it typically indicates that investors are disengaging from the market, likely after selling off their holdings-like a farmer abandoning a barren field. 🌾📉

In contrast, Spot investors on centralized exchanges continued accumulation, as if they’d found a treasure map. CoinGlass data revealed that at press time, investors spent $3.11 million purchasing PUMP-following $35.85 million in buys during the week ending October 27. 🗺️💰

This divergence highlights uncertainty in short-term sentiment but also signals where liquidity could rotate next-like a pendulum swinging between hope and despair. 🕰️🌀

Revenue dips slightly amid cautious optimism

Pump.fun’s Total Revenue slipped slightly to $1.4 million, down from $1.5 million on the 31st of October. Still, Cumulative Monthly Revenue reached $41.9 million, while protocol Fees totaled $84.7 million, keeping network health intact-like a stubborn old oak tree. 🌳

On top of that, CoinGlass liquidation data revealed dense liquidity bands above the 0.0044-0.0046 range on the PUMP/USDT pair. 🧭

Historically, such clusters acted as magnets for short-term rallies as prices moved to fill those gaps, like a magnet pulling iron filings. 🧲

This setup supports a cautiously bullish near-term view. The recent sell-off appears more corrective than structural, suggesting PUMP could stabilize before attempting a broader recovery-like a dancer catching their breath after a fall. 💃🌀

2025-11-03 18:14