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CoinGape

CoinGape

SunPump price is trading between the 50% and 61.8% Fibonacci levels. Here’s why

CoinGape
Summary
Nutrition label

55% Informative

Justin Sun announced a 100% on-chain buyback and burn of SUN tokens.

SunPump has a total supply of 19.9 billion tokens, with 9.8 billion in circulation.

Buyback and burns are directly proportional to the fees generated by the Sunpump platform.

SUN broke its all-time high market cap on August 25 after surging due to short meme season on the Tron network.

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VR Score

31

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18

Neutral language

62

Article tone

formal

Language

English

Language complexity

38

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not offensive

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not hateful

Attention-grabbing headline

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not detected

Time-value

short-lived

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