Pump.fun Adds Take-Profit and Stop-Loss Orders for EVM Trades
(1 hour ago) · 1 source · Summarized by CryptoBipto
Pump.fun, a token launchpad platform, has introduced take-profit and stop-loss order functionality for trades conducted on Ethereum Virtual Machine (EVM) compatible chains. The feature allows users to set automated buy and sell triggers at predetermined price levels.
WHY IT MATTERS
If you have ever set an alarm to sell something at a certain price, take-profit and stop-loss orders work like automatic alarms that also do the selling for you. A take-profit order says "sell when the price goes up to X," and a stop-loss says "sell when the price drops to Y." These are common tools in stock trading but are newer in the world of decentralized crypto platforms. Pump.fun adding these features for EVM trades — meaning trades on Ethereum-type blockchains — makes it easier for users to manage risk without watching prices around the clock. For beginners, EVM stands for Ethereum Virtual Machine, which is the technology that powers Ethereum and many other similar blockchains.
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