Pump.fun (PUMP), SPX6900 (SPX), and Bittensor (TAO) experienced significant declines, each dropping by double digits within 24 hours due to heightened market volatility. The downturn followed a Bitcoin sell-off during early U.S. trading, resulting in over $500 million in liquidations. Retail traders attribute the volatility to institutional trading activities.
The market is bracing for further fluctuations as investors await the U.S. Consumer Price Index (CPI) data and the Bank of Japan's upcoming rate decision. PUMP is approaching a critical support level, SPX6900 has fallen 8% from its recent lows, and TAO has remained below $250 for five consecutive days.
Pump.fun, SPX6900, and Bittensor Plunge Amid Market Turmoil
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