Pump.fun (PUMP) edges higher by over 3% at press time on Tuesday, extending the recovery for the fifth consecutive day. A whale has bet over $3 million on PUMP’s uptrend as it nears a breakout rally, underpinned by the stable revenue in the meme coin platform.
Mantle (MNT) price extends gains on Tuesday, trading at around $0.87 at the time of writing after Monday’s almost 20% surge. The token known for bridging Traditional Finance (TradFi) and Decentralized Finance (DeFi) by ensuring security and scalability is experiencing an influx of capital underpinned by institutional and retail interest.
Here’s the core problem: The U.S. government spends way more money than it earns. To fill the gap, it borrows trillions of dollars. But fixing this by cutting spending would crash the economy. At the same time, the U.S. buys more from other countries than it sells — this trade deficit has been growing for decades. To keep this system alive, the government prints more dollars and convinces foreigners to keep buying U.S. debt.