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Cryptocurrency News Articles
BigPump (PUMP) Token Price Crashed by 185% in 3 Months, Here Are the Best Low-Cap Crypto Presales to Buy
Jun 25, 2024 at 06:32 pm
BigPump (PUMP) became the talk of the crypto town in March 2024 after it witnessed an almost 400% price pump within a few days of making its IEO debut.
This article was paid for*
After witnessing an almost 400% price pump within a few days of making its IEO debut, BigPump (PUMP) became the talk of the crypto town in March 2024. Amid its noticeable price rally, many early investors made massive amounts of profits.
However, as the hype around the project faded away, the $PUMP price saw a deep correction and has struggled to recover. In this guide, we will analyze why $PUMP has been on a downtrend and try to suggest new low-cap crypto presales with both short and long-term potential.
BigPump Token Price Crash
Launched around March 2024, BigPump ($PUMP) shocked the entire crypto community after it gathered an impressive $280 million from early investors, establishing itself as the biggest meme coin presale ever.
BakerySwap, a DeFi entity on the Binance Smart Chain blockchain, hosted the presale for the project, which recorded 363k BNB, 9 million CAKE, 24 million BAKE, 1.5 billion 1CAT, and 73 billion IQ50 tokens being deposited in exchange for PUMP tokens.
🎉 $PUMP Presale Complete Successfully! 🎉We’ve smashed records with over $280M participation, marking the biggest #memecoin presale ever! 🚀🔥363K $BNB, 9M $CAKE, 24M $BAKE, 1.5B #1CAT, and 73B #IQ50 🕙 Refund will be completed in 48 hours⛽️ Let's $PUMP it up and make… pic.twitter.com/utzC1uiWy8
One of the factors that contributed to BigPump’s historic presale outing is its meme coin status. Don’t forget that the token entered the market at a time when investors were showing great enthusiasm for meme coins that can deliver short-term gains.
BigPump has an engaging meme theme that represents what every trader is always on the lookout for – a pump in the value of their invested crypto assets. As such, it rode in the wave of the meme coin craze to lure many degen investors to its presale.
More so, the token’s presence on the BNB chain also enhanced its market appeal at that time. Renowned for its fast transaction speed and low fees, the blockchain network allowed BigPump’s early investors to engage in swift and less expensive transactions while buying the tokens.
The combination of these factors provided $PUMP with more visibility, allowing it to secure multiple listings from Bitget, BingX, MEXC, and Gate.io among many others at launch. Also, the real buzz around its presale event was crucial to the token’s sensational bounce within four days of going live.
Despite lasting only for a short time, many investors, especially those who bought $PUMP during its ICO period, made hefty returns. In fact, a whale recorded not less than $1.6 million in returns after selling 340.4 billion PUMP tokens for $5.08 million.
That being said, $PUMP has been underperforming in the past three months, dropping by over 185%. More so, according to CoinmarketCap, the token is down by about 37% in the last 14 days.
BigPump’s prolonged downturn is caused by its lack of utility and the influx of new meme coin tokens competing for market share. Also, beyond the hype and headlines, BigPump has no long-term sustainability, making it susceptible to price crashes.
Therefore, investors might need to go for top alternatives, like Pepe Unchained and Sealana with better potential upsides. Since these two projects are still live on presale, they offer the best early-moving opportunity for those seeking to increase their bags at a low cost.
Best BigPump Alternatives – Low-cap Crypto Presales
Pepe Unchained (PEPU)
Inspired by the popular Pepe trend, Pepe Unchained is a new meme coin that has been making waves since launching on presale. The project aims to free Pepe from the shackles of its confinement to the Ethereum blockchain that has continued to limit its full potential.
At its core, Pepe Unchained’s engaging lore tells the narrative of a Pepe character who was locked in his old layer 1 server room. However, after coming up with a master plan, he broke his old chains and created a new one, known as “Pepe Unchained.”
With this interesting storyline, Pepe Unchained has clearly illustrated its mission to offer a cutting-edge layer 2 chain that will eliminate scalability, speed, and efficiency issues facing meme coins, particularly the ones built on layer 1 networks.
Describing itself as the better version of Pepe, Pepe Unchained comes with advanced functionality so that traders can enjoy a swift transaction experience at a cheaper
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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