Pump.Fun price is on fire right now. The token has jumped almost 20% in the past day, trading around $0.005647, and its trading volume has exploded by more than 90%. It’s the top gainer in the market, and everyone wants to know, what’s behind this big move?
Buybacks Are Driving the Rally
The biggest story here is the buyback program. Pump.fun has been scooping up over $1 million worth of PUMP tokens every single day since August, and that adds up to more than $33 million so far.
Mike Dudas pointed out that the project has already bought back more than 6% of the circulating supply in less than two months.
so @pumpdotfun has bought back 6.11% of the circulating $PUMP supply in less than 2 months post-TGE, including $2.52m yesterday for a total of $84m
— Mike Dudas (@mdudas) September 10, 2025
the market cap is only $1.88b, and pump has more than $2b in cash to invest in creator growth that powers the token flywheel
pump. pic.twitter.com/Hdw5AbFNlJ
That’s a serious commitment. With over $2 billion in cash reserves, Pump.fun has plenty of firepower left.
By taking tokens off the market, they’re creating scarcity, and that’s pushing PUMP price higher. Traders love to see projects putting their money where their mouth is, and PUMP is doing exactly that.
Pump.Fun Back on Top
The platform’s dominance in the Solana memecoin space is another reason the price is pumping.
In August, Pump.fun grabbed 62% of memecoin launchpad revenue, way up from just 24% the month before. That kind of recovery shows users are coming back in droves.
Of course, there’s still competition. Platforms like LetsBonk.fun are still around, and memecoin hype doesn’t always last forever.
But right now, Pump.fun has more than 38,000 active wallets compared to just a few hundred for its rivals, so the edge is clearly in its favor.
$PUMP is the 2nd largest revenue producing protocol in crypto outside the stablecoin companies https://t.co/RslpqZJd6s pic.twitter.com/XGiWj9Gdw0
— L̶a̶z̶u̶l̶ (@lazulcapital) September 10, 2025
Read Also: What Must Happen for Chainlink (LINK) Price to Reach $100
What the PUMP Chart Is Showing
Analyst Lunic summed it up nicely in a tweet: PUMP is flying. The chart shows that from its ICO price up to its previous all-time high, there’s basically no resistance in the way. He calls this a “vacuum zone,” which means Pump.Fun price could climb quickly.
At the moment, PUMP sits at about a $2.5 billion market cap. If momentum holds, Lunic thinks a $5 billion cap is within reach, especially with Pump.fun looking to expand beyond launchpads into streaming. That kind of move would put the token into a whole new conversation.
Final Thoughts
Between the daily buybacks, the return to platform dominance, and a technical setup that leaves room to run, it’s no wonder PUMP price is surging. The big question now is whether it can push past the $2.5 billion market cap barrier and keep running toward $5 billion.
For now, though, Pump.fun is flying higher than ever, and traders are watching closely to see if this rally still has more fuel left in the tank.
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