Solana’s Pump.fun surpasses $100M in cumulative revenue amid rising criticism
Pump.fun's Revenue Milestone: Solana-based memecoin platform Pump.fun has generated $100 million in revenue within eight months of its launch, primarily through a $2 token creation fee and a 1% transaction commission, while also launching nearly 2 million tokens.
Criticism and Competition: Despite its success, Pump.fun faces criticism for enabling fraudulent activities and rug pulls, with other networks like TRON launching similar platforms to compete, highlighting concerns about the sustainability of memecoins.
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Technical Analysis for C98
Technical Sentiment Analysis for Coin98 (C98) As of , Coin98 (C98) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for C98 stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, C98 is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Coin98 (C98) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00406 | 0.00582 | 0.0157 | 0.0256 | 0.0355 | 0.0454 | 0.0553 |
| Fibonacci | 0.00582 | 0.0134 | 0.0181 | 0.0256 | 0.0332 | 0.0379 | 0.0454 |
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