So, can these improvements help sustain the token’s price action?
Active addresses and holder numbers on the rise
According to the recent analysis, the number of active addresses across the network have spiked to new monthly levels over the last few days.
In the last 24 hours alone, the number of active addresses spiked to 89K, hinting at more wallets interacting with the network.
Besides, the number of holders across the network spiked to 462K too, pointing to a broader distribution of $PUMP ownership.
Together, these metrics alluded to rising participation around the altcoin. If activity continues to expand after the initial reaction to the bridge announcement, it could help support market interest.
Can $PUMP extend its current gains?
Pump Bridge gives Pump.fun a potential catalyst by improving the experience of cross-chain trading. Both the rising number of active addresses and holders could reinforce the positive response if they persist.
However, traders and investors should check whether the recent price gains are accompanied by sustained demand, rather than fading enthusiasm around the announcement.
Final Summary
- Pump.fun replaced Relay with Pump Bridge as its default cross-chain route.
- Ntwork’s rising number of active addresses and holder numbers hinted at greater participation around $PUMP.
