Trader Eugene: PUMP has shown significant selling behavior and has bought some spot goods, believing that they will rebound to the $0.006-0.007 range

BlockBeats News: On July 19th, trader Eugene Ng Ah Sio posted on his personal channel that he had recently bought some PUMPs. Although the market heat at the start of the project prevented him from participating (considering the high level of attention received at the time), the recent wave of selling has instead sparked interest. Considering the frenzy during the project's launch, the average entry price for most investors may be $0.005 or higher. Now that the price has fallen to $0.004, almost everyone is in a state of severe losses, especially when ETH has risen 30% within a week. Holding assets that have fallen 25% is indeed agonizing - this has triggered obvious selling behavior. 0.004 USD should be an important support level, as the initial ICO pricing was heavily oversubscribed (remember how many participants complained about not being able to grab the quota), so their personal bet on the current price is only temporary. In addition, there are several potential positive factors: ·Alon may return and bring substantial benefits to coin holders (currently market expectations are that he will only maximize cash out). The platform is expected to regain market share from BonkFun Based on these factors, Eugene believes that the price may rebound to the $0.006-0.007 range.