PUMP/USDT has been a bit weak in the last 24 hours. The token is currently fluctuating between $0.0017 and $0.0019, down 2 to 5 points compared to yesterday, with daily trading volume remaining in the range of $90 million to $100 million. Although the overall crypto market has adjusted before the holiday, PUMP still holds a position in the top 100 by market cap, with a circulating market value of about $600 million to $1 billion.

The hot topic in the market now is that PUMP has become a focus in multiple analysis reports as a loss-making coin, along with altcoins like NIGHT and TAO leading the decline. The reason behind this is clear—approaching holidays, retail investors are selling off sharply, and PUMP has been continuously declining, breaking below the psychological threshold of $0.002. From a technical perspective, the outlook is not very optimistic; the RSI indicator has entered the oversold zone and looks like it might rebound, but the MACD still flashes bearish signals, indicating significant short-term pressure. Many traders are pondering whether this is a bottom-fishing opportunity, but caution is advised.

The good news is that the platform’s fee income has been decent—over $1 million collected in the past day, some of which has been used for token buybacks, providing some support to the price. Many community members are discussing the long-term potential of PUMP as a meme coin launchpad, but large holders selling off and declining market risk appetite have somewhat suppressed the buyback effect. The entire meme coin sector is not very buoyant; to reignite the rally, PUMP needs to stabilize above the $0.0025 resistance level.

Looking ahead, investors can pay attention to signals of revival in the Solana ecosystem. If PUMP is to make its next breakthrough, the integration of RWA and meme coins in 2026 could be a promising direction to watch.