Pump.Fun price has had an explosive start to October. The token is up 22% today, trading at $0.006632, with trading volume jumping 65%.
Momentum has picked up again, and there are clear catalysts behind the surge that could set the stage for even bigger moves if daily buybacks reach $3 million.
The biggest trigger this week came from HTX listing PUMP on September 30. Almost immediately, spot trading volume spiked to $501.7 million, a 62.9% jump in just 24 hours.
HTX now accounts for about 60% of PUMP’s liquidity, making it much easier for large orders to flow without major slippage. Listings like this typically create a wave of speculative inflows, and PUMP is already showing those effects.
At the same time, buybacks are accelerating. On September 21, Pump.Fun used 8,302.6 SOL (about $1.4 million) to repurchase 278.5 million PUMP. Since July, around 4.3% of the circulating supply has been removed.
The platform is generating about $9.65 million in weekly revenue, meaning consistent buybacks could soak up 10-15% of daily trading volume. This creates a supply shock, taking tokens off the market and tightening available liquidity, a strong bullish signal if sustained.
Finally, there’s a macro element. The U.S. government shutdown on October 1 has driven some traders toward higher-risk plays.
Meme coins have been outperforming majors, with PUMP among the leaders. Bitcoin is only up 3.5% and Ethereum 3.3%, but PUMP price has outpaced them by a wide margin.
That shows just how attractive speculative tokens look when macro uncertainty is high. Still, the Fear & Greed Index is at 42 (Neutral), suggesting caution is warranted.
What the Community Is Saying
The bullish case is being amplified on X. Analyst Shanye pointed out that “very soon $PUMP will be averaging $3M+ buybacks/day,” highlighting the cash reserves of $2 billion sitting with Pump.Fun’s team as fuel for a tactical stimulus package.
At the current price near $0.0062, the argument is that consistent $3M daily buybacks could create massive upside pressure.
Meanwhile, liquidudor called PUMP “criminally undervalued,” comparing Pump.Fun’s long-term vision to platforms like TikTok, Twitch, and YouTube. The upcoming application aims to combine streaming, short-form content, and token-linked creator monetization into a single platform, a feat no other project has attempted.
With PUMP’s market cap sitting at around $2 billion, comparisons with Twitch ($45B), TikTok ($340B), and YouTube ($500B) highlight just how much room bulls think there is for growth.
Read Also: Why Cardano (ADA) Might Outshine Many Altcoins This October
Short-Term Outlook: What If $3M Buybacks Kick In?
If Pump.Fun’s daily buybacks scale to $3 million, the effect on supply and liquidity could be dramatic.
With trading volume already above $500 million, consistent absorption of 10-15% of that activity would steadily reduce sell-side pressure. That makes it easier for price to grind higher without needing a flood of new buyers each day.
At current levels, maintaining $3M daily buybacks could push PUMP price into the $0.008–$0.01 zone in the near term, especially if momentum from the HTX listing holds. If speculative inflows continue through October, the setup for an extended rally is clear.
The key, however, is sustainability. If buybacks remain aggressive and the application rollout captures creators’ attention, PUMP has the narrative and liquidity structure to support higher valuations.
But if buybacks slow or macro risk-off sentiment spreads, PUMP price could see sharp pullbacks before resuming upward.
For now, bulls clearly have the upper hand, and the market is watching closely to see if $3M daily buybacks turn from a bullish narrative into a daily reality.
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