PUMP Market Cap Tanks Below $1B After 12-Minute Sellout Hype
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最新报道：Pump.fun's market capitalization plummeted by $1 billion in just 12 minutes following a massive sell-off, erasing recent gains fueled by hype. The rapid decline shocked traders, highlighting the extreme volatility in meme coin markets. The platform, known for its token launchpad, saw frenzied trading as investors rushed to exit positions amid fears of a broader downturn. Analysts attribute the crash to profit-taking after unsustainable price surges and speculative mania. The incident underscores risks in highly leveraged, hype-driven crypto assets, with some warning of potential contagion effects across smaller-cap tokens. Market participants now question whether the meme coin rally has peaked.
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