Pump.Fun (PUMP) Price Doubles in 30 Days – Here’s What Could Power the Next 100% Jump

Pump.Fun price is on a tear. The token has surged almost 30% in the past 24 hours and is up more than 100% in the past month, and it is the market’s top gainer for the day.

Volume is also hot, up more than 75%, and PUMP is trading at about $0.00814. A closer look at the latest chart and on-chain data helps explain why buyers are piling in and what could come next.

One of the biggest drivers behind this rally is Pump.fun’s aggressive buyback plan. Between August 18 and 25, the team spent about $30 million buying back 2.99 billion PUMP tokens at roughly $0.0064 each.

Earlier in August they had already completed another $6.68 million buyback. By reducing the circulating supply, currently about 354 billion tokens, these moves help absorb selling pressure from early investors and give the market more confidence.

The buyback price of $0.0064 is now an important psychological level. With PUMP price trading comfortably above that mark, traders see clear proof that the team is willing to backstop the price. That level is also likely to act as a strong area of support if profit-taking starts to pick up.

Glass Full Foundation and Exchange Momentum

Pump.fun’s growth story isn’t just about buybacks. Liquidity incentives and partnerships are helping fuel the run as well. The $33 million Glass Full Foundation, launched on August 20, is designed to fund liquidity for trending Solana memecoins like FARTCOIN. 

This keeps fresh token launches coming and drives fee revenue, since Pump.fun earns a 1% fee on each transaction.

The project is also seeing more exchange traction. MEXC recently listed TBCN, a memecoin created via Pump.fun, in its Meme+ zone, which makes it much easier for new users to trade Pump.fun tokens without setting up a Web3 wallet. 

On-chain data from Lookonchain shows that Pump.fun also deposited $74.24 million worth of PUMP to Kraken to deepen liquidity, adding another layer of market support.

What the Pump.Fun Price Chart Is Showing

The 4H chart shows a market with strong momentum. PUMP has staged multiple clean breakouts that confirm higher highs and steady trend continuation. The $0.0055 to $0.0060 demand zone has acted as a launchpad, with every dip into that range quickly bought up. 

The latest move higher looks almost vertical, breaking out from the $0.0064 level and racing past $0.0081. Technical projections now point toward a near-term target around $0.0095, an extension of roughly 86% from the previous range.

Read Also: Why Holding 5,000 PYTH Tokens Could Be Life-Changing

Image Source: TradingView.com

The Relative Strength Index is well in excess of 80, which is usually overbought. But in a strong rising trend like the present one, an overbought RSI will highly likely reflect strong buying pressure and not necessarily a reversal.

PUMP Short-Term Price Outlook

With buybacks still active, liquidity programs running, and new exchange listings adding fresh capital, the momentum clearly favors the bulls. If this breakout continues, a push toward the $0.0095 to $0.010 area seems very possible. 

The first sign of weakness would then be a fall back underneath $0.0064, the key buyback level. As long as that level holds, even a retracement back to the area around $0.0055 can be considered an oversold pullback and not a change in trend.

Further, Pump.Fun has now overtaken all Solana-based coins combined total market cap, achieving over $2.5 billion and a new all-time high. Huge buybacks, aggressive liquidity incentives, and growing exchange support have combined to keep demand strong and price action sharp. Unless momentum slows dramatically, PUMP price may still have room to pump even higher.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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