Hump ($HUMP) Price Prediction 2024-2025: Will HUMP Token Dip Further?

The Hump ($HUMP) price crashed 43% over the past month and 15% over the past 7 days to trade at $0.0013. Among new meme coins, $HUMP has been in one of the most bearish downtrends

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Solana meme coins have been on a downtrend in recent months, with some tokens losing up to 98% of their value from their all-time highs. Among these meme coins is Hump ($HUMP), which has seen a massive price decline since hitting an all-time high of $0.02 in April 2024.

With a current price of $0.0013, HUMP has seen a 43% price decrease over the past month and a 15% price decline over the past 7 days. However, despite being in a bearish downtrend, HUMP is still up by over 1000% from its early 2024 listing price.

In this article, we will be taking a closer look at HUMP and its price movements to determine whether the next price movement will be a short-term bounce or if the HUMP token will dip further.

What Is Hump?

Built on the Solana network, Hump entered the market in 2024 with the intention to capitalize on investors’ surge of interest for meme coins to gain traction. At its core, the project has a lore that showcases the imagery of a furry friend, HUMP.

Central to this theme is its mission to drive the spirit of unity, innovation, and community empowerment. While promising no intrinsic utility, Hump sets out to gain value through the collective spirit of its holders.

In terms of total supply, there are only 6.9 billion HUMP tokens. However, the project failed to specify how the tokens are allocated nor give a roadmap that illustrates the direction it intends to take in the future.

Hump Price Prediction

Thanks to the aggressive Solana meme craze, $HUMP got off to a good start after making its market debut in March 2024. According to DEXTools, the meme coin saw a surge of over 1000% within the first few days of going live, delivering massive ROI to early birds.

Without a doubt, Hump’s decent performance at that time got investors and analysts speculating that the meme coin could be the next Book of Meme (BOME). After posting consecutive gains in April, the meme coin finally reached its current all-time high of $0.0258 on the seventh day of the month.

However, this early price surge was followed by a heavy downward movement. Over the past few months, $HUMP has consistently traded down, with no significant bounces, currently down 95% from its all-time high of $0.025.

More so, according to CoinCodex, the general sentiment around the token is very bearish, meaning bulls are now shifting their attention to newer meme coins with better concepts and multiple potential upsides.

In essence, Hump’s prolonged downturn indicates that the real buzz around the meme coin is fading away. With its current fully diluted market cap of $9 million, Hump has a low liquidity which implies fewer investors and less trading activity. As such, it is no surprise that the token has become susceptible to erratic price volatility.

That being said, one major factor that could fuel a full recovery in Hump’s price is its listing on top-tier crypto exchanges. The prospect of being listed on these exchanges often increases the liquidity and exposure of a token, which in turn, boosts its demand and price. However, at the time of writing, Hump is not trading on any CEX platforms at all – not even smaller exchanges like MEXC – a development that has negatively affected its market credibility and reach.

Therefore, while market conditions and interest in meme coins are expected to play a role, there is no guarantee that the price of $HUMP would correspond to the growth seen in the industry unless there is a compelling announcement like multiple exchange listings for the token.

Nonetheless, considering the prevailing developments around the project, it is not certain that it might gain the attention of any of the aforementioned trading platforms anytime soon. As such, Hump is still expected to conclude August without any substantial price appreciation, hovering between the $0.0012 to $0.00135 range.

Above all, Hump’s overall price performance signifies one thing – it is always better to get in early on meme coins and take profit as soon as possible. Those who invested very early in Hump and took their ROI prior to its massive price correction made huge gains.

Therefore, rather than buying tokens that have been listed a couple of months ago and are currently on a downtrend, investors may be better off moving some capital to newer meme coin alternatives.

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