New Bitrue Alpha Listing: Puddha Meme Coin Price Analysis

Puddha is a meme coin that mixes the words Pump and Buddha, meant to symbolise staying calm when trading meme coins. 

It was launched on Pump.fun and trades on PumpSwap. Like most meme tokens, Puddha is built on humour and internet culture rather than fundamentals. 

Right now, the token has collapsed in value, dropping almost completely in the past 24 hours. While it has seen heavy trading, the market picture is negative. This article explains what the token is, its latest price action, and how to buy it on Bitrue Alpha.

What is Puddha Meme Coin?

Puddha, identified by the ticker PUDDHA, is one of many meme coins released through Pump.fun on Solana. 

The name is a play on words, combining Pump, the slang for rapid token price surges, with Buddha, a symbol of calmness. The idea behind the branding is to encourage traders to keep calm even when facing the chaos of meme coin markets.

Like other meme coins, Puddha does not have any detailed project plan or established utility. It exists mainly as a cultural reference point and speculative play. Its identity relies on the humour of mixing spiritual calm with the volatility of crypto trading.

The token gained initial traction, with thousands of transactions recorded. Its imagery and message of calmness while trading were enough to attract some early attention. 

However, as is often the case with meme coins, the hype did not last. Once selling pressure began, the price collapsed quickly.

Meme coins depend heavily on social media interest and sudden bursts of attention. Without that ongoing activity, they can fade rapidly. 

Puddha is currently in such a phase, where early excitement has worn off and trading is dominated by exits rather than new entries. This makes it highly risky for buyers right now.

Read also: Is Bitrue Alpha Worth It? Give it A Try Now

Puddha Price and Market Analysis

At the time of writing, Puddha is priced at $0.0056113, or about 0.000072737 SOL. The most striking detail is the 99.84% crash over the past 24 hours. This decline shows that almost all of its recent gains have been wiped out.

The token has seen large trading activity, with more than 10,500 transactions and a total volume of $688,000. Despite this, selling has overwhelmed buying. 

Out of those trades, 8,522 were sells compared with only 2,026 buys. On the volume side, sellers accounted for $402,000 while buyers contributed $285,000. This imbalance explains the near-total price collapse.

Liquidity is currently about $10,000, with a market capitalisation of $6,100. Both figures are very small, which means any larger orders have a big effect on the price. The fully diluted valuation is also $6,100, in line with the market cap, which reflects the tiny scale of the project.

While the one-hour and six-hour changes show slight gains of 1.22% and 12.70%, these are minor compared with the enormous loss over the full day. They suggest small attempts at recovery but do not signal any real momentum.

In short, Puddha has been heavily sold off and is currently trading at a fraction of its recent value. This makes it very risky to buy now. Waiting for signs of new buying interest and volume is the safer approach.

Read also: How to Use Bitrue Alpha: Your Guide on Getting In Early 

How to Buy Puddha on Bitrue Alpha

For those who want to prepare for the possibility of a rebound, Bitrue Alpha provides a simple and safer route to buying Puddha. 

Here is a step by step guide:

1. Open the Bitrue app on your device.

2. Go to the Alpha section on the homepage where early-stage tokens are available.

3. Search for PUDDHA in the Alpha search bar to find the PUDDHA/USDT pair.

4. Trade PUDDHA/USDT, choosing a market order for immediate purchase or a limit order at your chosen entry price.

5. Check your wallet in Bitrue to confirm Puddha appears as a spot asset once the trade is processed.

These steps are straightforward and easier than attempting to trade directly on decentralised exchanges. Always remember to enable two-factor authentication before making trades for extra account protection.

Read also: How to Access Bitrue Alpha on Bitrue App?

Conclusion

Puddha is a meme coin born from a mix of Pump and Buddha, promoting calm trading in the wild world of memes. 

Despite its creative name, the token has crashed by nearly 100% in the past 24 hours. With sellers far outpacing buyers, it is clear that momentum has faded for now.

The best move is to wait. If Puddha regains attention and new volume arrives, it may see another burst of activity. Until then, buying is very risky. 

For those who want to be ready in case the coin revives, Bitrue Alpha offers a simple and safe way to access Puddha when the conditions improve.

FAQ

What is Puddha meme coin?

Puddha is a meme token on Solana combining Pump and Buddha to symbolise calmness in trading.

What is the current price of Puddha?

It is trading at around $0.0056113, or 0.000072737 SOL.

Why has Puddha crashed?

The past day saw heavy selling, with more than $402,000 in sell volume compared to $285,000 in buys.

Should I buy Puddha now?

No, it is too risky at present. Waiting for new volume and signs of momentum is safer.

How do I buy Puddha on Bitrue Alpha?

You can buy it by opening Bitrue, going to Alpha, searching PUDDHA, trading PUDDHA/USDT, and confirming it in your wallet.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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