On February 8, 2025, at 2:35 pm UTC, an important market event occurred when an unidentified merchant bought 10% of the total market capitalization of a Jeme on Pump Fun, as reported by Altcoingordon on X (Twitter) at 14:37 UTC (1). The token in question had a market capitalization of $ 20,000 at the time of purchase, and the transaction was estimated at $ 2,000 (1). This event was significant because it represents a big buy-in compared to the overall market capitalization of the token, suggesting a potential for a rapid price increase due to sudden overvoltage. The exact price of the token at the time of purchase was $ 0.000001, as recorded by Coingecko at 14:35 UTC (2). This price is crucial because it defines the reference base for any movement of subsequent prices movement. The token trading pair was registered against USDT on Pump Fun, and the volume of trading within 15 minutes of purchase increased to $ 10,000, an increase of 500% compared to the average volume of $ 2,000 to The previous time, according to CoinmarketCap data at 14: 50 UTC (3). This increase in volume indicates increased interest and an additional price for prices.
The commercial implications of this big purchase are multifaceted. Immediately after purchase, the price of the token jumped from 200% to $ 0.000003 in the 30 minutes, as reported by Coingecko at 3:05 pm UTC (2). This rapid increase in prices is indicative of the impact that significant purchases can have on memes to low capitalization tokens. The negotiation volume continued to remain high, with an average of $ 8,000 per interval of 15 minutes per hour which followed the initial overvoltage, according to CoinmarketCap data at 3.30 p.m. UTC (3). Token’s trading pair against ETH also saw an increased activity, the volume of the ETH pair going from $ 500 to $ 2,500 during the same period, as Coingecko reported at 3.30 p.m. UTC (2) . This suggests that traders diversify their trading strategies through several pairs to capitalize on the momentum. The metrics on chain, analyzed by Glassnode at 3:45 pm UTC, showed a significant increase in active addresses from 50 to 200, indicating increasing interest and a movement of additional prices (4).
Technical indicators for the token reveal an upward trend after the big purchase. The relative force index (RSI) went from 50 to 75 within the hour of purchase, as recorded by tradingView at 3:35 pm UTC, indicating too hidden conditions but also a strong purchase pressure (5) . The line of divergence of Mobile Average Convergence (MacD) crossed the signal line at 3:40 pm UTC, confirming more the bullish momentum, according to tradingView data (5). The volume of trading, as previously mentioned, increased considerably, the volume of one hour reaching $ 20,000 by 4:00 p.m. UTC, according to CoinmarketCap (3). This volume peak is a key indicator of market interest and continuous price movement potential. Glassnode chain data also showed an increase in the number of transactions from 100 to 400 in the same time, which suggests increased activity and additional price volatile (4).
Regarding AI developments, no direct event on AI is reported on February 8, 2025, which could be correlated with this specific market event. However, the general feeling in the crypto market, as followed by the Crypto Fear & Greed index, has remained at a neutral level of 50, indicating no significant influence on AI developments on the overall feeling of the market moment of the event, as indicated by alternative .me at 2:00 p.m. UTC (6). The absence of trading volume changes focused on AI or specific AI-Crypto crossing opportunities in this case highlights the isolated nature of the same price movement of the same. Nevertheless, traders should remain vigilant for potential news related to AI which could have a broader impact on the feeling of the market and, by extension, the performance of the tokens even and other cryptocurrencies.
(1) Altcoingordon. X (Twitter). February 8, 2025, 2:37 pm UTC.
(2) Coingecko. February 8, 2025, 14: 35-15: 30 UTC.
(3) Coinmarketcap. February 8, 2025, 14: 50-16: 00 UTC.
(4) Glassnode. February 8, 2025, 3:45 pm UTC.
(5) TradingView. February 8, 2025, 15: 35-15: 40 UTC.
(6) Alternative.me. February 8, 2025, 2:00 p.m. UTC.