Trader Eugene: PUMP has shown obvious dumping behavior, has bought some Spot and believes it will rebound to the 0.006-0.007 USD range.
BlockBeats news, on July 19, trader Eugene Ng Ah Sio posted on his personal channel that he recently bought some PUMP. Although he did not participate at the time due to the market hype when the project was launched (considering the high attention it received), the recent wave of dumping has instead piqued his interest. Considering the frenzy during the project launch, the average entry price for most investors may have been around $0.005 or higher. Now that the price has fallen to $0.004, almost everyone is in severe loss, especially when ETH has risen 30% in a week. Holding an asset that has dropped 25% is indeed torturous—this has already triggered noticeable dumping behavior. $0.004 should be an important support level, as the subscription was heavily oversubscribed at the time of the ICO (do you remember how many participants complained about not being able to grab any)
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