On June 16th, according to the GMGN market data, the token ALON of the founder CTO of pump.fun saw a significant increase. Its market value has successfully broken through the 16 million US dollar mark. Currently, its market value is 16.03 million US dollars. In the past 24 hours, the increase has been as high as 26.35%.
Looking back at the relevant background, the founder of pump.fun took action as early as January this year. At that time, the founder announced that he would take over the TG group of the ALON token and paid the Dexscreener fee. This series of measures might have laid the groundwork for the current soaring market value of the ALON token. Previously, in the field of cryptocurrencies, some seemingly insignificant early operations often triggered a strong market reaction later on. For instance, on February 24th of this year, hackers used Dior’s social media account to post that Dior would launch an official token, Dior Coin, on the Solana blockchain ecosystem, and guided fans to purchase the Meme token through the Pump.fun link. Although it was later confirmed to be false information, But it is sufficient to see that Pump.fun has a certain level of attention in the cryptocurrency field.
The significant increase in the market value of ALON tokens this time has also drawn widespread attention from the market. Many investors and cryptocurrency enthusiasts are speculating whether this rise is a short-term fluctuation or if there are stronger market drivers behind it.
Related Topics:
