Why did the price of PUMP go up?

Pump.fun (PUMP) increased by 3.11% in the last 24 hours, continuing its impressive 159.37% gain over the past 30 days. This growth is supported by positive technical signals, recent platform improvements, and a strong market for alternative cryptocurrencies (altcoins). The main factors driving this include:

1. Project Ascend Launch – New tools for creating tokens boosted activity on the Solana blockchain by 40%.
2. Buyback Program – Daily purchases of PUMP tokens using platform fees help reduce supply and support the price.
3. Altcoin Season – Investors are favoring higher-risk tokens like PUMP during this market phase.

Deep Dive

1. Project Ascend Launch (Positive Impact)

Overview: On September 18, Pump.fun introduced Creator Capital Markets (CCM). This feature lets creators turn their influence into tradable tokens, allowing them to earn money based on how much people engage with their content. The platform also switched from flat fees to a tiered fee system (called Dynamic Fees V1), which benefits smaller projects by giving creators a larger share of earnings.

What this means:

• More users are joining and creating tokens: Token creation and graduation rates jumped over 40% after the launch (WEEX).
• High-profile token launches, like Mitch’s $MITCH which reached a $42 million market cap in just 3 hours, have increased attention on the platform.
• Opinions vary: Some see CCM as a groundbreaking innovation, while others worry it could lead to speculative bubbles.

What to watch: Keep an eye on ongoing activity on the Solana network and how many creators adopt CCM.

2. Automated Buybacks (Positive Impact)

Overview: Pump.fun uses all of its platform fees to buy back PUMP tokens every day, burning tens of millions of tokens in the process. This reduces the number of tokens available for sale, helping to support the price. This strategy was detailed in a report on September 17.

What this means:

• Supply reduction: Out of the total tokens, 354 billion are circulating (about 35.4%), and constant buybacks create steady demand.
• Similar buyback programs in other projects (like Hyperliquid and Jupiter) have helped maintain price stability during upward trends.

What to watch: Monitor fee revenue and trading volume, which currently stands at $469 million over 24 hours but is down 26% compared to last year.

3. Technical Breakout (Mixed Impact)

Overview: PUMP has moved above its 30-day simple moving average (SMA) of $0.005574 and is holding above the 7-day exponential moving average (EMA) at $0.0074388. The MACD indicator has turned positive (+0.0001796), suggesting upward momentum.

What this means:

• The Relative Strength Index (RSI) over 14 days is 62.92, indicating the token is neither overbought nor oversold but leaning bullish.
• Immediate resistance is at $0.007368 (the 23.6% Fibonacci retracement level). If PUMP closes above this, it could aim for a new all-time high around $0.00883.

What to watch: Volume is moderate, with a 24-hour turnover ratio of 0.178, so confirmation of price moves depends on increased trading activity.

Conclusion

PUMP’s recent price surge is driven by a combination of platform innovation, token scarcity from buybacks, and favorable market trends for altcoins. While the long-term success of CCM is still uncertain, the short-term outlook looks positive.

Key point to monitor: Can PUMP maintain its price above $0.0075 despite a 26% year-over-year drop in trading volume? Also, watch Solana’s network activity for signs of sustained growth.

What could affect the price of PUMP?

Pump.fun (PUMP) is riding the wave of Solana-based memecoins but shows mixed signals.

1. Launch of Creator Capital Markets (CCM) – A new way for creators to earn, boosting token activity by 40% (positive sign)
2. $5.5 billion lawsuit risk – A class action lawsuit claims Pump.fun operates like an unlicensed casino (negative sign)
3. Buyback program concerns – $33 million spent on token buybacks, but revenue is dropping (neutral)

Deep Dive

1. Creator Capital Markets Launch (Positive)

Pump.fun introduced Creator Capital Markets (CCM) on September 18. This feature lets influencers create tokens representing their audience, which can be traded on PumpSwap. For example, influencer Mitch (@MitchOnSOL_) quickly reached a $42 million market cap with his token.

Why it matters: This new model allows creators to earn directly from their followers, which could increase activity on the platform and boost the use of PUMP tokens, which serve as the platform’s governance and fee token. The 40% jump in new tokens after the launch suggests growing demand. However, the platform’s success depends on keeping popular creators engaged (WEEX).

2. Legal Risks from Gambling Lawsuit (Negative)

Pump.fun faces a $5.5 billion class action lawsuit accusing it of running an unlicensed casino. The lawsuit points to $722 million in losses from pump-and-dump schemes involving retail investors. In July 2025, the case expanded to include RICO charges against Solana Labs, the blockchain infrastructure provider.

Why it matters: This legal pressure could force Pump.fun to change its fee structure or settle, which would hurt profits. Interest in the platform’s legal risks spiked 200% on Google after the lawsuit was filed, showing that investors are worried. This uncertainty could weigh on the token’s price until the case is resolved (Coin Edition).

3. Buybacks vs. Falling Revenue (Mixed)

Pump.fun uses half of its fees to buy back PUMP tokens, spending $33 million so far this year. However, daily revenue has dropped sharply—from $7 million in January to just $200,000 by August. Meanwhile, competitor LetsBonk.fun now controls 55.8% of the market.

Why it matters: Buybacks help support the token price but depend on the platform reversing its decline in users. Since January, daily active users have fallen by 75%, raising concerns about the long-term health of Pump.fun’s token economy unless CCM can drive new growth (OKX).

Conclusion

PUMP’s future price will likely depend on how well the CCM feature can grow user engagement and offset legal and competitive challenges through the end of 2025. While buybacks provide some price support, the key will be whether Pump.fun can keep top creators like rasmr_eth from moving to competitors.

What are people saying about PUMP?

The Pump.fun (PUMP) community is feeling a mix of excitement and caution right now. Here’s the latest:

1. A $30 million buyback has sparked hopes that the supply will tighten.
2. Large holders, or "whales," selling off could push the price down by 40%.
3. A new liquidity program is encouraging more bets on this memecoin.

In-Depth Look

1. $30 Million Buyback Boosts Optimism

According to @Lookonchain, Pump.fun recently completed its biggest single-day buyback since July, removing nearly 3 billion PUMP tokens from circulation.
Why it matters: Reducing the number of tokens available can help fight inflation and support the price. However, the buyback price was $0.0064, which is much higher than the current price of $0.0034. This difference could create resistance, meaning it might be harder for the price to rise above that level.
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2. Large Holders Selling Could Push Price Down

@CryptoPatel reports that big investors who bought during the initial coin offering (ICO) are selling off 29.5 billion PUMP tokens at prices below what they paid. If the price support at $0.0024 fails, the price could drop further.
Why it matters: More than half of the circulating tokens are still held by these investors who are currently at a loss. This creates ongoing selling pressure, which could push the price down.
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3. New Liquidity Program Drives Interest

The official Pump.fun account, @PumpDotFun, announced the launch of the Glass Full Foundation, which is injecting liquidity into Solana-based memecoins. This helped push PUMP’s price up by 7%, even though the platform’s revenue has dropped significantly.
Why it matters: While adding liquidity and expanding the ecosystem can increase the coin’s usefulness, some are concerned because revenue fell 97% from a peak of $7 million in January.
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Conclusion

The outlook for Pump.fun (PUMP) is mixed. On one hand, buybacks and new liquidity programs show strong efforts to support the token. On the other hand, large holders selling and declining revenue pose risks. Keep an eye on the $0.0034 price level—if PUMP can stay above it, that could signal a positive trend. But if it falls below, the price may continue to struggle. As the altcoin market heats up, it remains to be seen whether PUMP’s memecoin appeal will overcome these challenges.

What is the latest news about PUMP?

Pump.fun is making waves on the Solana blockchain by combining new creator-focused features, buyback programs, and strong market performance. Here’s a quick update:

1. Creator Capital Markets Launch (September 18, 2025) – A new system lets creators turn their influence into tokens with tiered fees, boosting token creation by 40%.
2. Daily Buybacks Keep Price Stable (September 17, 2025) – A $33 million buyback program helps reduce price swings, funded by platform fees.
3. Market Cap Hits $3 Billion (September 15, 2025) – PUMP reached an all-time high price of $0.00881, up 146% over the past month during a strong altcoin season.

In-Depth Look

1. Creator Capital Markets Launch (September 18, 2025)

What happened: Pump.fun introduced “Project Ascend,” launching Creator Capital Markets (CCM). This lets creators turn their social influence into tradable tokens. Instead of flat fees, CCM uses tiered fees—smaller projects pay higher fees, and unused fees go back to the community. Big names like Mitch ($MITCH) and rasmr ($rasmr) quickly raised $42 million and $5 million, respectively.
Why it matters: This aligns creators’ success with the platform’s growth, encouraging more engagement and activity on Solana (+40% more tokens created). However, there are risks like potential regulatory issues and speculative bubbles. (WEEX)

2. Daily Buybacks Keep Price Stable (September 17, 2025)

What happened: Pump.fun uses an automated buyback program, spending tens of millions daily from platform fees to buy back tokens. This helps absorb selling pressure and has supported a 153% price increase over 30 days.
Why it matters: Buybacks show confidence in the token but depend on steady platform revenue. The current trading volume relative to market cap suggests moderate liquidity, so ongoing fee income is important to maintain price stability. (Millionero)

3. Market Cap Hits $3 Billion (September 15, 2025)

What happened: PUMP’s market cap hit $3 billion with a record price of $0.00881, fueled by a strong altcoin market and a relaunch of its live-streaming features. The platform raised over $600 million in its July 2025 IPO, attracting 38,000 daily users thanks to Solana’s low fees and gamified token creation.
Why it matters: This is a positive sign in the short term, but long-term success depends on continued demand for memecoins. Competitors like LetsBonk.fun hold smaller market shares, but regulatory risks remain for Solana-based tokens. (Bit2Me)

Conclusion

Pump.fun’s combination of creator-focused innovation, buyback programs, and strong market performance highlights its leading role in Solana’s memecoin space. Still, its reliance on speculative trading and new creator token models means volatility is likely. The big question: will CCM’s tiered fees support lasting growth, or will regulatory challenges slow things down as the altcoin season peaks?

What is expected in the development of PUMP?

Pump.fun’s development is moving forward with these key updates:

1. Volume Incentives (Q4 2025) – A 30-day program rewarding users with PUMP tokens based on their trading activity.
2. EVM Chain Expansion (2026) – Plans to support multiple blockchains beyond Solana, including Ethereum-compatible networks.
3. Social Trading Tools (Q4 2025) – New features like trader leaderboards and copy-trading after acquiring analytics platform Kolscan.

In-Depth Look

1. Volume Incentives (Q4 2025)

What’s happening:
In July 2025, code updates revealed a plan to launch a 30-day incentive program that rewards users with PUMP tokens depending on how much they trade. Although the team hasn’t officially confirmed this, changes in the software development kit (SDK) show daily reward tracking and admin controls (Dumpster DAO). Early test files suggested distributing 1 billion PUMP tokens per day, but this might be adjusted to avoid flooding the market (which would be about 3% of the total supply monthly).

Why it matters:
This could be good news for PUMP holders because increased trading volume might help stabilize prices and attract more traders. However, if too many tokens are released too quickly, it could reduce the value of existing tokens.

2. EVM Chain Expansion (2026)

What’s happening:
Leaked documents suggest Pump.fun is working on compatibility with Ethereum Virtual Machine (EVM) chains. This means users could use Pump.fun tokens on popular blockchains like Ethereum or Base, expanding beyond its current home on Solana. This move seems aimed at competing with Bonk.fun, a rival token (Coincu).

Why it matters:
Supporting multiple blockchains could attract more developers and users, increasing liquidity and interest in Pump.fun. However, there are risks, such as splitting the community between different blockchains and possible delays in launching these features.

3. Social Trading Tools (Q4 2025)

What’s happening:
After acquiring Kolscan, an analytics platform, Pump.fun plans to add social trading features like real-time leaderboards, copy-trading (where users can mimic successful traders), and better wallet tracking. These tools are designed to make trading more interactive and fun, helping to keep users engaged (Crypto.news).

Why it matters:
Social features fit well with the meme coin community and could boost user adoption. The success of these tools depends on how smoothly they are integrated without making the platform too complicated.

Conclusion

Pump.fun’s roadmap combines short-term incentives to boost trading with longer-term plans to expand its ecosystem. While these developments are promising, challenges remain, including competition and managing token supply. Whether Pump.fun can regain its lead through cross-chain support and social trading features remains to be seen, especially with rivals like Bonk.fun waiting in the wings.

What updates are there in the PUMP code base?

Pump.fun’s recent updates focus on improving trading tools and encouraging more activity on the platform.

1. Real-Time Trading Features (June 28, 2025) – Version 2.0 added one-click trading and live price alerts.
2. SDK Updates for Incentives (July 28, 2025) – Code changes suggest a PUMP token reward program linked to trading volume.

Deep Dive

1. Real-Time Trading Features (June 28, 2025)

Overview: Pump.fun 2.0 makes trading meme coins faster and easier, especially for mobile users. This update helps everyday traders by providing instant trade execution and up-to-date market information.

Key features include:

• Tap-to-Ape: Allows users to place trades with a single tap, reducing delays for quick moves in meme coins.
• Movers Feed: Shows trending tokens to help users spot market momentum quickly.
• News Integration: Brings the latest coin news directly into the app.

What this means: These improvements are positive for PUMP because a smoother trading experience can attract more users, increasing demand for the platform’s native token. (Source)

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

Overview: Pump.fun’s software development kit (SDK) now includes tools to track trading volume and distribute PUMP token rewards, based on community analysis of leaked test files.

Key updates:

• Volume Monitoring: Keeps track of user trading activity to determine who qualifies for rewards.
• Custom Rewards: Allows platform admins to set daily PUMP token distributions based on user engagement.

What this means: This update is neutral for PUMP. While rewards could encourage more trading in the short term, giving out too many tokens might reduce their overall value if not managed carefully. (Source)

Conclusion

Pump.fun’s latest updates focus on keeping users engaged by making trading faster and adding reward incentives. Version 2.0 improves usability, while the potential reward program offers both opportunities and risks. It remains to be seen if these changes will help PUMP compete with rivals like LetsBONK.fun.