The Solana-based crypto launchpad Pump.fun has recently gained significant attention after its PUMP token sale managed to raise approximately $500 million in a mere 12 minutes, resulting in a fully diluted valuation of $4 billion. However, the initial excitement quickly diminished once PUMP commenced trading, witnessing a sharp decline of nearly 55% from its peak value, now trading around $0.0057. This scenario serves as a quintessential illustration of the extreme volatility characteristic of newly introduced meme coins, which often face rapid profit-taking shortly after they are listed on exchanges. In the current market landscape, astute traders are shifting their investments toward Snorter Token (SNORT), the native token of a Telegram-based trading bot that is gaining traction by emphasizing actual trading functionality over mere speculation. While PUMP has seen a nearly 23% decrease in value over the last day, the SNORT token presale has successfully surpassed the $1.8 million mark. Investors have less than 48 hours to secure a discounted price of $0.0983 before the next presale round raises its price.
PUMP Coin’s Launch Breaks Records, Yet Enthusiasm Quickly Dwindles
The PUMP meme coin’s initial coin offering (ICO) on July 12 has been touted as one of the year’s most significant events in the crypto space, with 125 billion coins sold across major exchanges like Kraken, KuCoin, and MEXC within just a few minutes. As the initial buzz begins to fade, analysts are pointing out several fundamental issues that may have contributed to PUMP’s price decline, including an immediate 33% token unlock that released approximately $1.32 billion worth of tokens, leading to substantial selling pressure from early investors. Furthermore, it has been noted that the Pump.fun team retains control over 20% of the total PUMP token supply, raising concerns about potential market manipulation. Additionally, there are worries surrounding the utility of the PUMP token, as it currently lacks applications for fee discounts, governance, or staking on the Pump.fun platform. In the short term, the PUMP token is expected to behave like a sentiment-driven meme coin. Its hourly price analysis indicates critical support at $0.005, resistance at $0.0065, and a newly established uptrend line that bullish traders will aim to maintain to create opportunities for upward movement. A drop below the $0.005 support level could trigger further sell-offs, whereas a strong close above $0.0065 could pave the way for new price highs, especially if the Pump.fun team introduces meaningful use cases for the PUMP token. Meanwhile, traders appear more inclined to support the Snorter Bot Token, which has not allocated a significant portion of its supply for insiders.
How Snorter Bot Safeguards Traders and Prevents Rug Pulls
Snorter Bot is designed with a focus on delivering practical benefits to traders. This Telegram-native crypto trading bot has been developed by a team of seasoned Web3 and trading professionals, and its features aim to tackle the challenges that have historically affected meme coin investors. The bot will utilize a custom RPC connection to private Solana nodes, prioritizing Snorter transactions and allowing for trade execution in less than a second, even during peak network activity. This means that users can execute trades faster than manual traders and many of their competitors, which is crucial as mere fractions of a second can significantly impact the success of acquiring a new token at its launch price. Additionally, Snorter Bot will incorporate a comprehensive security toolkit to guard against prevalent crypto risks, including an integrated rug pull detection system that checks potential investments against token blacklists prior to executing trades. To minimize transaction failures and avoid costly mistakes, Snorter Bot will automatically adjust slippage and transaction tax settings, eliminating the need for users to manually tweak parameters. All these capabilities will be conveniently accessible through a streamlined Telegram interface, enabling users to create or import a wallet and complete trades from a single platform. Furthermore, the bot provides advanced trading tools typically reserved for top-tier exchanges, allowing users to set limit orders, establish stop-losses, and even replicate the strategies of successful wallets via the copy trading feature. Holding SNORT tokens will not only lower trading fees to 0.85% from the standard 1.5%, but it will also unlock premium features like the pro copy-trading tool, unlimited sniping, and various VIP benefits.
Secure Your SNORT Tokens Ahead of the Mainstream Launch
The Snorter Bot is set to launch on the Solana blockchain, with plans to expand its integration to Ethereum, Polygon, BNB Chain, and Base in the future. This multi-chain approach will allow users to trade seamlessly across various networks without the need to switch applications or familiarize themselves with different tools. Interested buyers can acquire SNORT tokens directly through the official presale page, using leading cryptocurrencies such as SOL, ETH, USDC, or USDT. The presale also offers the option to purchase SNORT using traditional credit or debit cards, and users have the opportunity to stake their holdings to earn passive income with annual percentage yields (APYs) of up to 205%. Readers are encouraged to conduct their research before engaging with cryptocurrencies, as this publication does not endorse or take responsibility for the accuracy or quality of the content presented. CryptoDnes disclaims any liability for any damages or losses that may arise from reliance on the information provided.
