After years of short-lived pumps and failed expectations, bull market price action tends to take many investors and traders by surprise. In a more bullish setting, the most dangerous words can be “it has already pumped.” When tokens and their narratives are favored by the market, the initial pump, sometimes memed as a “test pump,” can be considered a lightbulb moment for the market. In a bear market, tokens often get one large price surge before slowly grinding back down to their pre-pump levels, referred to as a “scam pump.” In the bull market, tokens will get a large pump and retrace slightly before soaring much higher. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
