🚨 Pump.Fun Token Launch: Time To Sell Our Solana Tokens?
Is Bitcoin Heading To Sub $100K Again?
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📰 Is Bitcoin Heading To Sub $100K Again?
💎 Pump.Fun Token Launch: Time To Sell Our Solana Tokens?
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
Bitcoin is on edge; it needs to break out soon, or we could see it drop below $100,000 again.
Meanwhile, Bonk (BONK) is currently stealing the spotlight, but whispers of a Pump.fun token launch could shake things up. There’s a lot to unpack, so grab a coffee.
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 Question of the Day
Is Bitcoin Heading To Sub $100K Again?
The S&P and NASDAQ are riding high, touching all-time peaks and hanging out above their Bollinger Bands for eight days straight. This feels like déjà vu from July 2024, when we saw a similar setup right before a 10% drop. Also, the S&P’s market breadth is looking pretty rough—weakest it’s been in over 20 years.
Over in currency land, the DXY’s showing a death cross, which has sparked rallies 8–9 times since 2009. It’s sitting way below its 200-day moving average—biggest gap in 21 years.
Now, let’s talk tariffs—Trump’s doubling down with his “Liberation Day 2.0.” He just slapped 25% tariffs on Japan and South Korea imports, starting August 1, and sent tariff letters to Thailand, Cambodia, and Bangladesh with rates from 25% to 36%. There’s a negotiation window open until August 1. Tariffs are raking in cash—$27.3 billion in June alone, which scales to about $327 billion a year. That’s real money for Uncle Sam.
So, how’s the market handling this? Not great. All major indices closed down yesterday, and Japanese auto stocks got hammered—Toyota alone slid about 4%. The 10-year Treasury yield also popped to 4.40%, which has many worried about inflation and deficits.
On the crypto front, Bitcoin (BTC) is chilling near $108K, fresh off its highest weekly close ever. It’s stuck in a range between $107,500 and $109,500, but something’s gotta give soon—think volatility breakout.
We’ve got maybe 5–7 days before it either breaks out or dips to $102–95K. The Bollinger Bands are squeezing tight around $107K, and the weekly RSI could signal trouble with a triple top or bearish divergence if resistance doesn’t budge.
That said, long-term holders are stacking up again, which has been a bullish sign before.
On a side note, Jack Dorsey, the guy behind Twitter and Cash App, just launched a Bluetooth messaging app called Bitchat. No internet, no cell service needed—and within an hour, people were sending Bitcoin over its encrypted peer-to-peer mesh network. The tech’s not new (it’s from 2017), but using it for offline Bitcoin swaps is cool and one step closer to mainstream adoption.
Final Thoughts
Even though Bitcoin is consolidating at its all-time high, it feels like it’s in uncharted territory, which is an odd thing to say. There’s a sense that the price might be manipulated, though no concrete evidence supports this. Many indicators point to a bullish trend, as noted in previous issues, but the macro environment still needs to improve slightly. Going back below $100k is not something impossible. But in the long run, even if it does, it could be short lived.
As we wait for Bitcoin to make its move, let’s examine one of the most significant upcoming altcoin events, which is likely to occur in the next few days.
💎 Degens’ Den
Pump.Fun Token Launch: Time To Sell Our Solana Tokens?
Right now, Bonk Launchpad is the talk of the town, pulling in top deployers from Pump.fun and churning out over 300 tokens daily. It’s outpacing Pump.fun in both launches and “graduations”—when tokens hit key liquidity and trading thresholds to list on major Solana DEXs like Raydium (RAY). BONK’s dominance is clear, commanding 58.5% of token launches and 75% of graduations, while climbing to #3 in memecoin social dominance for the first time. It’s a bold moment for BONK, and the community’s eating it up.
But hold on—there’s a twist on the horizon. Rumors are swirling about a Pump.fun token launch that could shift the momentum. Details are murky, and the Pump.fun team’s been tight-lipped, but a leaked Gate.io pre-sale page (quickly removed) has fueled speculation (see below).
Adding to the rumors, sources on X hint at a launch window of July 12–15, with a potential pre-sale starting Saturday. Here’s what we know about the rumored $PUMP token sale:
Total supply: 1 trillion tokens
Sale amount: 150 billion tokens at $0.004 each
Raise target: $600 million
Fully diluted valuation (FDV): $4 billion
For context, a Messari report estimates Pump.fun’s fair value at $7 billion, suggesting the $4B FDV might be a steal—or a red flag, depending on how you look at it. The leaked banner on Gate.io added intrigue but also raised doubts when it vanished. With 100% of tokens unlocking at launch, selling pressure could be a real concern if the hype doesn’t hold.
Now, let’s talk about what a $PUMP launch could mean for Solana’s ecosystem and SOL itself. A high-profile token drop like this tends to stir up the market, and not always in a good way. Here’s why:
Capital rotation: Traders may sell off existing tokens to jump into $PUMP, putting downward pressure on other projects.
Liquidity drain: SOL could get locked into new $PUMP pools, reducing liquidity for smaller tokens.
Market sentiment: The hype around $PUMP might overshadow other launches, leading to memecoin fatigue or sell-offs.
Solana’s market dominance is already sitting near critical support, with a potential further downside risk in the next 24–48 hours if the launch goes live. Weaker tokens in the ecosystem could take a hit, and new launches might struggle to gain traction in $PUMP’s shadow.
The good news? These effects are usually short-lived. The Solana ecosystem is resilient, and attention will likely shift back to other projects once the $PUMP dust settles. Still, this is a volatile space, and scam risks are real—fake $PUMP tokens are almost guaranteed to pop up. So, we will approach with caution, verify everything, and keep an eye on trusted sources for updates. This meme coin saga is just getting started, and it’s bound to keep us on our toes.
What do you think—will $PUMP live up to the hype, or is BONK’s reign here to stay?
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
Japan's 30-Year Bond Yield Surges Past 3%
ERC20 Stablecoin Supply Reaches All-Time High
Only 55 DeFi Projects Hit $1M+ in Revenue in Last 30 Days, DeFiLlama Reports
Nvidia CEO Jensen Huang Sells Over $115M in Shares in Just Two Weeks
💭 Banter’s Take
It's not common for projects to launch their tokens in bad environments, and the fact that a pump.fun token might launch now adds to the thesis that these teams believe the environment is adequate.
We remain cautiously optimistic about this bull run continuing as adoption grows, and even if Bitcoin does go below $100,000 again, it doesn't mean it's gonna stay there for long. Of course, none of this is financial advice, and you all need to do your own research.
See you all tomorrow!