February 25 News: The native token PUMP of memecoin launch platform Pump.fun is facing significant selling pressure. Over the past 24 hours, its price has dropped approximately 9.5%, accompanied by a large-scale withdrawal of funds, indicating a notable increase in market risk sentiment. Data shows about $99.47 million in funds flowed out in a single day, causing its market cap to quickly fall from approximately $715 million to $615 million, with liquidity shrinking further.
From a trading structure perspective, trading volume has increased during the price decline, a phenomenon often seen as a strong sell signal, indicating that sellers are dominating and continuously suppressing buying demand. Against the backdrop of ongoing capital outflows, market depth has decreased, and short-term volatility may further expand.
Derivatives market data also signals a bearish outlook. Open interest has decreased by about 4% over 24 hours, indicating some funds are withdrawing from leveraged markets. Among the approximately $146 million in open perpetual contracts, short positions have increased. Meanwhile, the weighted average funding rate has fallen to -0.0054%, suggesting traders are generally betting on further price declines, with bearish sentiment gradually strengthening.
On the technical side, PUMP’s price has approached a key support zone between $0.0067 and $0.0083, which serves as a short-term bull-bear dividing line. If this support is broken, the price may seek new liquidity support near the historical low around $0.0056. Even if a rebound occurs, forming a lower high could continue the downward trend. Additionally, the MACD indicator has already shown a death cross, and weakening momentum further diminishes the expectation of a rebound.
On-chain fundamentals are also under pressure. Artemis data shows that daily active addresses on the platform have decreased from about 180,000 to 147,000, a reduction of approximately 33,000, indicating a significant decline in user engagement. As a token reliant on active ecosystem trading, cooling demand directly impacts its price performance. Meanwhile, Launchpad trading volume has fallen to about $6,600, and platform fees have plummeted from $781,600 on February 23 to zero, causing the revenue model to lose short-term support.
The combination of declining on-chain activity, continuous capital outflows, and concentrated short positions in derivatives all add to the risk of breaking below key support levels, making the short-term outlook still weak.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto and Finance Experts Draw Attention to Business Cycle, Expect Explosive Crypto Price Action
Crypto and finance experts draw attention to business cycle.
Experts expect explosive crypto price action soon.
The price of BTC could dip further, but long-term looks highly bullish.
The current state of the crypto market seems to be heading towards a bullish setup. Over the last few m
CryptoNewsLand14m ago
BTC short-term decline of 0.76%: key price levels encountering resistance and long leverage liquidations triggering market sell-off
On March 5, 2026, from 14:30 to 14:45 (UTC), Bitcoin (BTC) experienced a short-term decline, with a return of -0.76%. The price ranged between 71,958.3 and 72,830.0 USDT, with an amplitude of 1.20%. Market attention significantly increased, and during the event window, trading volume expanded, volatility intensified, and price anomalies attracted many investors' focus on short-term risks and future trends.
The main driver of this anomaly was BTC encountering resistance in the key price zone of $73,750–$74,400. Historical data shows that this zone has repeatedly acted as a...
GateNews23m ago
Bitcoin: Real-Time Sentiment Gauge for Weekend Warmongering
The article analyzes Bitcoin's real-time sentiment as a gauge during weekend market fluctuations, emphasizing its role in reflecting broader economic trends and investor behavior in the crypto landscape.
CryptoBreaking24m ago
Ripple CTO Emeritus Shares Candid Truth about XRP and Crypto Market - U.Today
David Schwartz, former Ripple CTO, expressed mixed feelings about XRP's performance, reflecting broader crypto market sentiment. Despite recent struggles for altcoins, XRP showed signs of a potential recovery with a newly formed "golden cross" on its price chart, although market conditions remain cautious.
UToday50m ago
When the Asia-Pacific stock markets hit the circuit breaker, why does Bitcoin stand out as the best?
Author: Jae, PANews
On March 4th, as the situation in the Middle East suddenly worsened, global financial markets instantly entered a "wartime state." For global investors, this was a trading day worthy of being recorded in history.
Disruption of shipping through the Strait of Hormuz, a critical energy choke point, triggered a sharp surge in international oil prices. Panic quickly swept through traditional capital markets, and Asia-Pacific stock markets experienced an epic sell-off.
KOSPI in South Korea plummeted 12% in a single day, marking the largest decline in history; the Nikkei 225 dropped 3.7%, its worst performance in five months; Middle Eastern local stock markets once tumbled nearly 5% amid a correction; major European and American stock indices closed lower across the board.
However, an unusual phenomenon quietly emerged amid this sell-off.
The crypto market, often regarded as "high risk, high volatility," which tends to be the first asset class to collapse during any geopolitical crisis, surprisingly held steady this time.
Bitcoin experienced a brief panic
区块客1h ago
Here’s the Litecoin (LTC) Price If Investors Start Treating LTC as Crypto’s Digital Silver
The Litecoin price edged up a bit today. LTC is trading around $56.39, about 1.4% higher than yesterday. The move came as Bitcoin lifted the rest of the market.
The earlier decline slowed down around $55.33, and this is where buying emerged and halted the fall. Since then, it has been stuck ar
CaptainAltcoin1h ago
