PUMP - -84.81% in 24 hours due to market volatility

On SEP 15 2025, PUMP dropped by 84.81% within 24 hours to reach $0.007937, PUMP rose by 7658.82% within 7 days, rose by 7658.82% within 1 month, and rose by 7658.82% within 1 year.

The sharp decline in PUMP’s price within a 24-hour period was attributed to significant market volatility driven by rapid shifts in investor sentiment and trading patterns. The token experienced a sudden and substantial sell-off that caught many market participants off guard. Despite the short-term loss, PUMP has shown considerable gains over the preceding seven days, one month, and even one year, reflecting a broader trend of speculative activity and high volatility in the market.

The price movement of PUMP highlights the challenges faced by investors in managing highly volatile assets. The 24-hour plunge to $0.007937 underscores the need for close monitoring and risk management. While long-term indicators show a significant increase, the sharp one-day decline illustrates the unpredictable nature of such market dynamics.

Backtest Hypothesis

A backtesting strategy was employed to evaluate the effectiveness of trading signals based on technical indicators. The strategy aimed to simulate a series of trades over a defined historical period using predefined entry and exit rules. The hypothesis tested was whether a set of technical indicators could consistently produce profitable outcomes in the PUMP market, despite its known volatility. The focus was on using a combination of moving averages and volume-based triggers to identify potential buy and sell opportunities. The results of the backtest would provide insight into the robustness of the strategy under varying market conditions.