PUMP (Pump.fun) increased by 7.24% in the past 24 hours, with a market cap of approximately $876 million. According to Gate News Bot, as of January 12th, based on CoinMarketCap data, PUMP (Pump.fun) is currently trading at $0.00247405, up 7.24% in the last 24 hours, with a high of $0.00269543 and a low of $0.00206074. The 24-hour trading volume reached $168 million. The current market cap is about $876 million, an increase of $59.1 million from yesterday. Important recent news about PUMP:

1️⃣ Platform Function Innovation and Fee Mechanism Reform Support Ecosystem Development
Pump.fun has launched a creator fee sharing feature, allowing fees to be distributed to up to 10 wallets, and supports creators transferring token ownership and revoking update permissions. The platform's co-founder announced that a market-based approach will be adopted for reforming the creator fee mechanism, where traders will decide whether narratives are worth earning creator fees. These initiatives aim to optimize user experience and enhance platform competitiveness, providing policy support for ecosystem activity.

2️⃣ RWA Sector Exclusive Trading Platform to Launch, Expanding Ecosystem
WorldAssets has completed a brand and product system upgrade. Its dedicated RWA trading platform, RWAX DEX, will go live on January 19th. The platform integrates key processes such as RWA asset application, information disclosure framework, and trade matching. It plans to focus on supporting 3-5 benchmark assets in its initial application phase and will introduce an ecosystem incentive mechanism. RWAX is positioned as "the Four Meme of the RWA sector," aiming to expand the user base through clearer sector identification and lower friction participation mechanisms. The launch of this platform is expected to bring new asset classes and participants into the Pump.fun ecosystem.

3️⃣ Market Participants' Bullish Sentiment Rises but Leverage Risks Caution
Large capital continues to build long positions on PUMP, with a trader opening a 10x leveraged long position totaling 2 billion PUMP tokens, currently valued at $4.77 million, indicating a strong bullish consensus in the market. Meanwhile, on-chain activity remains high, with a recent 7-day increase of about 30%, and trading volume and futures contract participation also growing. However, leverage levels in the derivatives market have risen to a significant scale, and investors should be cautious of volatility risks from liquidations of high-leverage positions. This news is not investment advice; please be aware of market volatility risks when investing.