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PUMP, the native token of Solana (SOL)-based meme coin launchpad Pump.fun, has suffered a sharp reversal following its high-profile debut. At press time, PUMP was trading at $0.00570, down 15% over the past 24 hours, making it the largest loser among the 100 largest cryptocurrencies by market capitalization. The token initially surged to a peak of $0.00968 but has since dropped 41%. PUMP one-day price chart. Source: CoinMarketCap Launched on July 12 through a public token sale, the PUMP ICO raised $500 million in just 12 minutes, selling 150 billion tokens at $0.004 each. While a broader market pullback, driven by Bitcoin (BTC) losing the $120,000 support level, has added to the sell-off, several PUMP-specific factors have accelerated the decline. For instance, on-chain data reveals that roughly 340 wallets controlled more than 60% of the presale allocation. Many of these wallets began selling their tokens as they unlocked on July 14, increasing selling pressur...

Bitcoin’s (BTC) sentiment appears to have turned bearish as analysts eye sub-$50,000 price targets, preparing for a crash. The leading cryptocurrency shows weakness at resistance, potentially making another lower high – continuing in a downtrend. Since reaching $73,800 and making a new all-time high (ATH) in March 2024, Bitcoin has clearly displayed a downtrend. In this context, Alan Santana, a reputable analyst, warned his followers to “prepare for a crash” down to $40,000. “Lower highs is a bearish signal. Bitcoin has also been printing lower lows. A lower high leads to a lower low in the bigger structure. This means that Bitcoin dropping now, as it is expected, would send prices below 49K. The next fib. level below 49,000 sits around 40,000 – 43,000. That’s the main target for this drop but it can go lower. Prepare for the crash.” – Alan Santana Picks for yo...

Amid warnings of an incoming massive crash of multiple markets, renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has most recently singled out the stock market, specifically the S&P 500 index, which he believes will snuff out millions in retirement plans. As it happens, while reiterating his previous warnings, the ‘Rich Dad’ author also told his followers that the next one would be about the S&P, which “will toast millions of 401ks and IRAs,” alluding to the two popular pension savings vehicles in the United States, as he explained in an X post he published on December 11. Want to thank Smart Silver Stacker for laughing at me for recommending people buy and save silver since 2010. It’s not easy being Paul Revere or Chicken Little warning people the US Government is stealing our wealth vis our money. Yet laugh all you want. It’s still not too late.… — Robert Kiyosaki (@theRealKiyosaki) December 11...