LICK Token Collapse Raises Concerns Over Memecoin Launch Mechanics
- Token Collapse: The Solana-based LICK token plummeted approximately 97% within hours of trading, with its market cap dropping from about $915,000 to below $25,000, highlighting potential risks in its launch mechanics and insider activities.
- Wallet Investigation: Blockchain investigator ZachXBT traced wallets linked to LICK holding tens of millions in crypto, possibly tied to US government-seized assets from 2024 and 2025, raising significant legal and reputational risks.
- Supply Concentration Risk: Data from Bubblemaps revealed that the deployer held 40% of the total token supply at launch, a high concentration level viewed as a warning sign that could lead to price manipulation and investor losses.
- Market Pattern: The collapse of LICK follows a familiar pattern seen in several high-profile memecoin failures over the past year, illustrating how distribution mechanics can heavily influence market prices, especially when liquidity is thin, distorting price discovery.
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Technical Analysis for PUMP
Technical Sentiment Analysis for Pump.fun (PUMP). As of , Pump.fun (PUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pump.fun (PUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00125 | 0.00149 | 0.00169 | 0.00193 | 0.00214 | 0.00238 | 0.00259 |
| Fibonacci | 0.00149 | 0.00166 | 0.00176 | 0.00193 | 0.0021 | 0.00221 | 0.00238 |
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