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Pump.fun Token Sees Momentum on Exchange Listings
Pump.fun, a meme coin launchpad, is gaining attention again as its native token PUMP has surged nearly 40% over the past week, trading at $0.0053, according to CoinGecko. The token is now just shy of its July debut price of $0.0055 and well above its initial coin offering (ICO) price of $0.004.
Binance.US Listing Boosts Visibility
The recent price surge follows the listing of PUMP on Binance.US, a move that appears to have significantly boosted market interest. The listing occurred on Wednesday, helping push the token up 13% in the last 24 hours.
PUMP’s rise has also elevated its position on the charts. As of now, the token sits as the 79th largest cryptocurrency by market cap, surpassing BONK, which had previously been leading among meme token competitors.
Platform Improvements and Strategic Partnerships
Pump.fun has also rolled out several platform updates in recent days. These include user interface improvements, an exclusive integration with Bubblemaps, and a new partnership with MEXC, a centralized exchange.
In a notable move, MEXC has committed to listing a new Pump.fun token every Monday, with the first being Trencher Broadcasting Company.
Airdrop Speculation: Hopes vs Reality
Speculation continues to swirl around the possibility of a PUMP airdrop. While the platform’s community remains hopeful, prediction market platform Myriad, developed by Decrypt’s parent company DASTAN, shows an 84% probability that no airdrop will occur by the end of September.
