Why did the price of PUMP go up?

Pump.fun (PUMP) increased by 8.16% in the last 24 hours, outperforming the overall crypto market, which rose by 1.27%. Over the past 30 days, PUMP has surged 53.89%. This growth is driven by new exchange listings for tokens launched on Pump.fun, strong technical signals, and Pump.fun’s renewed leadership in Solana’s memecoin space.

1. MEXC Listings & Buyback Support – The MEXC exchange listed TBCN, a token launched on Pump.fun’s platform, boosting trading activity and visibility.
2. Technical Breakthrough – PUMP’s price surpassed a key resistance level at $0.00524, with momentum indicators showing strong buying interest.
3. Market Leadership – Pump.fun regained 62% of Solana memecoin revenue after aggressive buybacks totaling over $1 million daily in August.

Deep Dive

1. Exchange Listings & Buyback Impact (Positive)

Summary: On September 8, 2025, MEXC added TBCN, a memecoin created through Pump.fun, to its Meme+ Trading Zone. This follows Pump.fun’s $33 million buyback program aimed at reducing the number of PUMP tokens available, supporting the price.

Why it matters:

• New listings encourage creators to launch tokens on Pump.fun, generating transaction fees of about 1%, which currently bring in over $1.35 million daily.
• Buybacks help reduce selling pressure by removing tokens from circulation. In July, Pump.fun used 118,350 SOL (around $30.59 million) to buy back 2.99 billion PUMP tokens, tightening supply.

What to watch: Keep an eye on more exchange listings for Pump.fun tokens and how quickly buybacks continue.

2. Technical Momentum (Mixed Signals)

Summary: PUMP’s price moved above a key Fibonacci resistance level at $0.00524 and is trading above its 30-day average price of $0.00374. However, the 7-day Relative Strength Index (RSI) is at 88.13, indicating the token might be overbought.

Why it matters:

• Traders are currently chasing the upward momentum, but the high RSI suggests a price correction could happen soon.
• The next resistance level is at $0.00474, while support is at $0.00433.

3. Market Leadership (Positive)

Summary: Pump.fun reclaimed its top spot over competitor Bonk.fun, capturing 62% of Solana memecoin revenue, which totaled $16.7 million in mid-August.

Why it matters:

• Increased platform activity is driving PUMP’s usefulness, with daily users rising to 38,000 compared to Bonk.fun’s 633.
• Positive sentiment is also fueled by rumors of a PUMP token airdrop and revenue-sharing plans through the Glass Full Foundation.

Conclusion

PUMP’s recent gains come from a combination of strategic buybacks, growing demand from exchange listings, and strong technical momentum. However, risks remain, including overbought market conditions and a $5.5 billion class-action lawsuit alleging unlicensed operations.

What to watch: Can Pump.fun maintain its 55.6% market share in Solana memecoins as competitors like LetsBonk.fun push back? Monitoring daily active users and buyback activity will provide important clues about the token’s future direction.

What could affect the price of PUMP?

Pump.fun (PUMP) is navigating the ups and downs of the memecoin market with a mix of innovation and challenges.

1. Competition from LetsBONK.fun – This rival threatens Pump.fun’s dominant 91% share of the market.
2. Buybacks & Incentives – Pump.fun has launched a $33 million token buyback program and may be rolling out new rewards.
3. Legal Challenges – A $5.5 billion lawsuit accuses Pump.fun of running unlicensed gambling operations.

Deep Dive

1. Market Share Battles vs. LetsBONK.fun (Mixed Impact)

Overview: Pump.fun currently controls 91% of the revenue from Solana memecoin launchpads but is facing stiff competition. LetsBONK.fun, supported by the BONK community, caused Pump.fun’s daily revenue to drop sharply from $1 million to $30,000 in August 2025. Pump.fun fought back, regaining a 62% revenue share by using aggressive buybacks and launching new community coins.
What this means: To keep its lead, Pump.fun needs to keep innovating—like adding live streaming features—to stay ahead of competitors. Losing market share could hurt PUMP’s $1.6 billion valuation, but smart adjustments to its bonding curve could help it bounce back.

2. Tokenomics & Buyback Strategy (Positive Outlook)

Overview: Since August 2025, Pump.fun has been buying back over $1 million worth of PUMP tokens daily, totaling $33 million so far. Leaked software development kits (SDKs) hint at a 30-day incentive program distributing 1 billion PUMP tokens per day (about 3% of total supply) to encourage more trading.
What this means: Buybacks help reduce selling pressure, but giving out too many tokens could cause inflation. If managed carefully, these incentives could increase demand for PUMP, similar to how Binance Coin (BNB) offers fee discounts that boost its value.

3. Regulatory & Legal Headwinds (Negative Outlook)

Overview: Pump.fun faces a $5.5 billion class-action lawsuit accusing it of running an unlicensed casino, with claims that $722 million came from retail losses. While the U.S. Securities and Exchange Commission (SEC) has not taken action, Pump.fun excluded European Union users from its initial coin offering (ICO) to comply with MiCA regulations.
What this means: Legal troubles could scare off big investors and lead to Pump.fun being removed from exchanges. However, past cases like BitMEX show that companies can survive if they settle fines without severe penalties.

Conclusion

The future price of PUMP depends on how well Pump.fun balances innovation in the memecoin space with careful token management amid ongoing legal challenges. Buybacks and growth in the Solana ecosystem provide positive momentum, but competition and regulatory risks limit potential gains. Keep an eye on Q4 2025 court decisions and daily user activity to see how things unfold.

What are people saying about PUMP?

The Pump.fun (PUMP) community is caught between hope from buybacks and worry over big holders selling off. Here’s the latest buzz:

1. A $30 million buyback sparks optimism but faces strong resistance
2. Large holders sold $101 million worth, risking a 40% price drop
3. New liquidity efforts aim to revive Solana memecoins
4. Revenue hits a 6-month high despite token price falling
5. Conflicting technical signals: wedge pattern vs. ascending channel

In-Depth Look

1. Whale Selling vs. Buyback Effort (Mixed Signals)

According to @Lookonchain, Pump.fun spent 118,350 SOL (about $19.2 million) to buy back 2.99 billion PUMP tokens at $0.0064 each. This was their biggest single-day buyback. However, two early investors sold 29.5 billion PUMP tokens (worth $101 million) below the initial coin offering (ICO) price, which could push the price down 40% if it falls below $0.0034.
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What this means: The buyback reduces token supply, which is positive, but the large sell-off by early investors creates pressure. Over half (55%) of the circulating tokens are still held by ICO participants, which adds uncertainty.

2. New Liquidity Program Launch (Positive Outlook)

The official Pump.fun account @PumpDotFun announced a new liquidity initiative called the Glass Full Foundation. This program will support popular Solana memecoins like FARTCOIN and Peanut Squirrel to boost activity.
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What this means: This could increase platform use and interest—PUMP’s price rose 7% after the announcement. However, revenue is still 97% lower than its January peak of $7 million.

3. Revenue Growth vs. Trust Issues (Neutral)

A community post on CoinMarketCap noted that weekly revenue reached a six-month high despite the token’s price drop. Engagement is up, but many investors want more transparency from the project.
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What this means: The platform remains useful, but 54% of token holders are currently at a loss, which could limit price gains due to trust concerns.

4. Technical Analysis Signals (Bullish)

Crypto analyst @mkbijaksana points out that PUMP is forming a higher low, and a price break above $0.004228 would confirm a bullish reversal. The 21-day exponential moving average (EMA) crossover is a key indicator to watch.
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What this means: The Relative Strength Index (RSI) on the 4-hour chart is 63.48, suggesting there’s room for the price to go up if resistance is broken. However, the 1-hour RSI at 76.19 warns the token might be overbought in the short term.

5. Airdrop Delays Trigger Selloff (Bearish)

According to Decrypt, PUMP’s price dropped more than 50% after the project delayed its airdrop indefinitely. Betting odds on Polymarket for a July airdrop fell sharply from 86% to just 3%.
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What this means: The token’s price depends heavily on hype events like airdrops. Currently, 87% of the buyback price ($0.0064) is above the current price of $0.00611, creating a psychological barrier.

Summary

The outlook for Pump.fun (PUMP) is mixed. On one side, aggressive buybacks and new ecosystem programs offer hope. On the other, large holders selling and delayed airdrops weigh heavily. Technical indicators suggest a potential breakout if the price stays above $0.0034, but the $0.004 ICO price remains a tough resistance level. Keep an eye on the $0.0034 support this week—if it holds, momentum could return thanks to the Glass Full Foundation’s liquidity boost; if it breaks, bearish trends may take over.

What is the latest news about PUMP?

Pump.fun is riding the wave of Solana memecoins with record revenue and aggressive token buybacks, but questions about its long-term sustainability remain. Here’s a quick update:

1. Revenue Milestone Reached (August 25, 2025) – The platform has earned over $800 million in total revenue and now accounts for 91% of new Solana memecoin launches.
2. Buybacks Fight Competition (August 20, 2025) – Pump.fun spent $33 million on token buybacks, reclaiming 62% market share from rival LetsBonk.
3. Warning Signs Appear (August 19, 2025) – Analysts warn of an 80% drop in revenue and risks tied to a few large holders controlling most tokens.

Deep Dive

1. Revenue Milestone Reached (August 25, 2025)

What happened:
Pump.fun has become the leading platform for launching memecoins on the Solana blockchain, generating over $800 million in lifetime revenue. This success comes from charging a 1% fee on transactions and offering easy, no-code tools for creating tokens. The platform now handles 91% of daily Solana token launches, up from 55% in July.

Why it matters:
More revenue means more funds to buy back tokens, which can help support the token’s price. But there are challenges ahead: a competing blockchain called Base has launched nearly 58,000 memecoins compared to Solana’s 32,760, and daily revenue on Pump.fun has dropped from $1.35 million in January to $250,000 now. This shows growth may be slowing. (OKX)

2. Buybacks Fight Competition (August 20, 2025)

What happened:
Between August 4 and 17, Pump.fun spent over $1 million daily buying back its own tokens, helping it regain a 62% share of the memecoin launch market after losing ground to LetsBonk in July. Additionally, the Glass Full Foundation was created to fund projects and keep developers engaged in the ecosystem.

Why it matters:
These buybacks helped boost Pump.fun’s token price by 20% during the campaign. However, LetsBonk’s aggressive fee-to-burn strategy (charging 50% fees and burning tokens) and a 130% increase in its high-value tokens present ongoing competition. Without continuous innovation, Pump.fun’s market position could remain unstable. (CryptoSlate)

3. Warning Signs Appear (August 19, 2025)

What happened:
Despite an 80% drop in revenue from its peak of $130 million, Pump.fun’s token price rose 32% over a week. Analysts caution that the token is trading at nearly five times its annual revenue, which is risky. Moreover, the top 10 wallets hold 75% of all tokens, raising concerns about potential coordinated sell-offs.

Why it matters:
This concentration of token ownership is risky for everyday investors, as large holders could cause sudden price drops. While a $1 billion presale treasury offers some short-term support for buybacks, the platform’s activity has fallen sharply, with 66% fewer token launches since July. This decline raises doubts about Pump.fun’s long-term value. (AMBCrypto)

Conclusion

Pump.fun’s future depends on balancing buyback-driven price support with building real value in its ecosystem. Can it evolve from a memecoin-focused platform into a sustainable player in blockchain infrastructure? With competitors like Base gaining ground and LetsBonk refining its approach, investors should carefully consider whether PUMP’s current valuation reflects the changing landscape of Solana memecoins.

What is expected in the development of PUMP?

Pump.fun is moving forward with several key developments:

1. Glass Full Foundation Launch (August 2025) – Boosting liquidity for tokens in the Pump.fun ecosystem.
2. Kolscan Integration (Q3 2025) – Adding social trading features and gamification to improve user experience.
3. EVM Chain Expansion (2026) – Exploring compatibility with Ethereum-based blockchains.

Deep Dive

1. Glass Full Foundation Launch (August 2025)

Overview: Announced on August 8, 2025, the Glass Full Foundation is designed to increase liquidity for certain tokens within Pump.fun’s ecosystem. This follows Pump.fun’s $1.3 billion initial coin offering (ICO) and its purchase of the analytics platform Kolscan. Details about how much funding will be allocated and which tokens will benefit have not been shared yet.
What this means: This is a positive sign for PUMP because more liquidity can help stabilize token prices and attract new projects. However, the lack of clear information about funding distribution introduces some uncertainty about how well this will work.

2. Kolscan Integration (Q3 2025)

Overview: After acquiring Kolscan, a Solana wallet tracking tool, in July 2025, Pump.fun is adding features like real-time trader analytics, leaderboards, and copy-trading. These upgrades aim to improve data accuracy and make it easier for users to follow successful trading strategies (source).
What this means: This development is somewhat positive because gamification and social trading can increase user engagement. However, success depends on how smoothly these features are integrated and whether users adopt them. Competitors like LetsBonk.fun already have a strong presence in this space.

3. EVM Chain Expansion (2026)

Overview: There is speculation in the community about Pump.fun expanding to Ethereum Virtual Machine (EVM) compatible blockchains, based on leaked API information suggesting cross-chain support. No official timeline has been announced.
What this means: If this happens, it could be a big win by expanding Pump.fun’s reach beyond the Solana blockchain. On the downside, this could spread resources thin and face regulatory challenges related to operating across multiple blockchains.

Conclusion

Pump.fun is focusing on improving liquidity, enhancing social trading features, and expanding its ecosystem. Near-term efforts center on the Glass Full Foundation and Kolscan integration, while longer-term plans include exploring Ethereum compatibility. The key question is whether these moves will help Pump.fun stay competitive against rivals like Bonk.fun and maintain its strong monthly price growth of around 30%.

What updates are there in the PUMP code base?

Pump.fun’s recent updates focus on improving trading tools, adding user rewards, and integrating new features to boost social trading.

1. Version 2.0 Launch (June 28, 2025) – Introduced real-time price alerts and easier trading.
2. SDK Updates for Incentives (July 28, 2025) – Prepared the system to reward users with PUMP tokens based on trading volume.
3. Kolscan Acquisition (July 11, 2025) – Added wallet-tracking tools to support social trading features.

In-Depth Look

1. Version 2.0 Launch (June 28, 2025)

What happened: Pump.fun rolled out Version 2.0, which brought real-time price updates, one-click trading, and a “Movers Feed” that highlights popular tokens. The update focused on making the platform faster and more mobile-friendly, especially for trading meme coins and smaller tokens. Although these changes improve the user experience, they haven’t yet increased demand for the PUMP token itself.

Why it matters: This update is neutral for PUMP. It makes trading easier and more engaging, which could lead to more activity on the platform. However, the PUMP token’s role in this new setup is still limited. (Source)

2. SDK Updates for Incentives (July 28, 2025)

What happened: Developers found updates in the software development kit (SDK) that suggest Pump.fun plans to reward users with PUMP tokens based on how much they trade. This hints at a possible 30-day rewards program to encourage more trading on Pump.fun tokens. After this news, PUMP’s price jumped 17%, though some worry about how long this boost will last.

Why it matters: This is cautiously positive for PUMP. Offering token rewards can increase demand and user engagement in the short term. But if too many tokens are given out, it could reduce the token’s value over time. (Source)

3. Kolscan Acquisition (July 11, 2025)

What happened: Pump.fun bought Kolscan, a tool that tracks Solana wallets, to add real-time analytics and leaderboards. This lets users see what top traders are doing, copy their trades, and check profit and loss stats. These features support Pump.fun’s goal of making trading more social and game-like.

Why it matters: This is a positive move for PUMP. Social trading features can keep users engaged longer and attract new traders. However, the success depends on how well these tools are integrated and how much the community embraces them. (Source)

Conclusion

Pump.fun is moving toward a more social and rewarding trading experience, but the PUMP token still plays a minor role. Upcoming features, like the rumored “fee.pump.fun” subdomain, could increase the token’s usefulness. For now, PUMP remains mostly in the background as the platform grows.