Pump Fan 2.0 will be released with a new feature, but its tokens feature zero volume and zero circulation stalls

Pump.Fun has deployed Pump.fun 2.0, a much-anticipated mobile app upgrade, and has introduced a new suite of tools for crypto enthusiasts on the go. This release focuses on speed and simplicity with features designed to make trading more intuitive.

However, while the app has major renovations, the platform’s native pump token tells a completely different story.

What’s new in the Pump.fun 2.0 app?

The app’s most notable features include “Movers Feed” which provides a real-time view of top performance and a delayed token. This tool helps users stay vigilant against a rapid market shift. Additionally, “Tap-to-Ape” simplifies token purchases with a one-tap function, allowing instant trading in any app.

The newly integrated news section also highlights token trends and headlines to attract users. These features are explicitly aimed at promoting adoption and community interest given the uncertain dynamics of tokens.

Pump tokens are hardly moving and packed at key level

The price of the pump is flatlined around the $0.02000 mark after a sharp drop from $0.02015. This reduction occurred without warning, followed by a full price flattening. There have been no clear rebounds or movements since then.

Related: Is Pump.fun fueling the next Solana-based Memecoin explosion?

This suggests a significant lack of profits in the transaction and perhaps liquidity. The support level is set at $0.02000, but $0.02015 acts as a resistance. However, these thresholds are currently symbolic, as the market shows little activity.

See also  Circle freezes USDC worth $58 million in Solana's wallet tied to the Libra scandal

Source: CoinMarketCap

Market statistics reveal about gaps. Pump circulation supplies remained at zero, with zero trading volumes over the past 24 hours.

The market capitalization is listed as $0. These numbers raise the red flag on token availability and traction. Nevertheless, the fully diluted rating is $421,720, highlighting some rating possibilities if the token finally enters the circulation fully.

Related: Pump.Fun AirDrop? Don’t rely on June – July seems more likely. This is the reason

Weak indicators draw careful outlook

Pump/USD Daily Price Chart, Source: TradingView

Technical indicators also reflect weak attitudes. MACD suggests a potential shift and shows slight bullish crossovers. But it remains in the negative realm and suggests there is no real momentum.

Meanwhile, the RSI reads at 34.89 and is approaching the territory sold, but has not reached the threshold. This brings the token closer to a point of interest to the buyer, but not crucially.