Pump.fun’s 13% Surge: A Mirage of Wealth or a Witch’s Brew?

The Seven Wonders of Pump.fun’s Illusion

What fueled Pump.fun’s 13% rally? 🧙‍♂️💸

Perpetual traders added $56 million in Open Interest, while Spot buyers accumulated $2.94 million. Ah, the Perpetuals traders, those modern-day alchemists, transformed $56 million into… well, let’s see if it lasts longer than a candle’s flicker. 🧙‍♂️💸

Why could PUMP’s surge fade soon? ⚠️💀

Protocol revenue plunged 72% to $945K, Fees dropped to $1.82 million, token graduations fell from 286 to 70, and Daily Active Users dropped under 86,000. A tale as old as time: the devil is in the details, and the details are in the toilet. 🪠📉

Pump.fun [PUMP] recorded a major liquidity surge in the past day, with price climbing more than 13% from its previous daily candle close. A phoenix rising? More like a moth flying into a flame. 🔥

Market data showed mixed sentiment, as revenue and fees slipped to their lowest levels in two weeks. This gap between rising prices and falling usage left questions about the rally’s durability. Like a magician’s trick-spectacular, but only until the curtain falls. 🎭

AMBCrypto analysis provides more context on what this could imply for PUMP. Context? Oh, we’ll have context when the moon turns green and the pigs start juggling. 🐖🌀

Where did PUMP’s surge come from? 🧠🧪

The recent rally in PUMP was driven largely by investors in the Perpetuals market, who poured more liquidity into the memecoin. A flood of liquidity, but where’s the river? 🌊

In fact, analysis showed that inflows in the Derivatives market amounted to $56 million, based on recent percentage changes in Open Interest. Open Interest? More like Open Imagination. 🧠

The surge also coincided with the Open Interest-Weighted Funding Rate holding in the positive zone. This indicated that long contracts were dominating the market and providing most of the liquidity. Long contracts? More like long delusions. 🧠💸

Spot investors also joined in, though to a lesser extent. This group accumulated $2.94 million worth of PUMP-their first notable accumulation since the 25th of September, when they added $3.52 million. A drop in the ocean, but still, the ocean is getting smaller. 🌊

This buying activity across Spot and Perpetuals may be speculative, given that on-chain data showed falling usage and revenue. Speculative? More like a gamble with a house edge. 🎰

Revenue falls-Is this a warning? ⚠️💀

Sentiment around PUMP has weakened. At the time of writing, Revenue and Fees generated on the protocol dropped to a two-week low. Weakness? More like a ghost haunting a haunted house. 🏚️👻

Revenue fell from $3.38 million to $945,960 at press time, while fees declined more sharply, from $8.52 million to $1.82 million during the same period. A decline so steep, it could make a rollercoaster blush. 🎢

That steep decline suggested weaker activity on Pumpfun and PumpSwap. It pointed to lower demand for the asset across on-chain users. Lower demand? More like a zombie apocalypse for investors. 🧟‍♂️

On top of that, active investors had not reached past milestones set in previous months. Milestones? They’re as distant as a mirage in the desert. 🌵

Milestones become harder to reach 🧩📉

According to Artemis, both “Tokens Graduated” and “Token Minted” metrics on the Pump.fun protocol fell to monthly lows, signaling waning user interest and purchasing power. Waning? More like a dying candle. 🕯️

Tokens Graduated -those that reached a $100,000 market capitalization-dropped sharply from 286 to just 70 at press time. A drop so sharp, it could cut a diamond. 💎

Similarly, minted coins, referring to meme tokens created on the platform, fell to 13,700 within the same period. This decline suggested that reduced investor interest is discouraging creators from launching new tokens. New tokens? More like new ghosts. 👻

The launchpad’s Daily Active Users also plummeted, hitting a recent low of 85,700, further confirming fading activity in the market. Fading? More like a whisper in a storm. 🌪️

2025-09-30 03:12