Why Is Pump.Fun (PUMP) Price Up Today?

Pump.Fun price is on the move again. The token is up almost 12% today, trading at $0.004404, with trading volume jumping more than 30% in the past 24 hours. 

That kind of activity has caught a lot of attention, and the question now is simple: why is PUMP pumping again?

Crypto analyst Momin Saqib says the answer comes down to something very straightforward: revenue and buybacks. 

While most of crypto often gets carried away with narratives and hype, PUMP has quietly been generating between $1–2 million in daily revenue. Even more importantly, every dollar of that revenue is being used for token buybacks.

This creates what Saqib calls a flywheel effect. Revenue fuels the buybacks, buybacks reduce supply, and the shrinking supply pushes the price higher. He believes this is one of the clearest examples of the “revenue to buyback to price” model working in real time.

PUMP price also managed to turn things around after a rocky start. It traded under its ICO price for weeks, shaking out weak hands before recovering. 

It has already carved out a lead in the launchpad wars and is positioning itself to benefit from the growing streaming meta, where it has the resources to onboard creators at scale. 

On top of that, the token still hasn’t been listed on Binance or Upbit, which means a whole wave of retail demand is still on the sidelines.

With a treasury of more than $1.3 billion and over $50 million in revenue in the past month alone, Saqib even argues that at its current pace, PUMP could theoretically buy back its entire circulating supply in just two and a half years.

PUMP Price Technical Picture: Strength in the Charts

From a charting perspective, trader Altcoin Sherpa described PUMP as “one of the strongest coins on the market right now.” He admitted he sold his position too early, but says he’s already looking for a new entry because of how strong the trend looks.

The PUMP chart shows exactly why he feels that way. PUMP price has been climbing with steady higher lows and is now pushing into resistance levels it hasn’t tested in months. 

If the rally holds up, a breakout into the $0.005–$0.006 range could be the next step, although some profit-taking might come into play after the recent run.

Read Also: September Setup: Here’s What to Expect from Ripple (XRP) Price in the Coming Weeks

Image Source: X/Altcoin Sherpa

What’s Next for PUMP?

The big question is whether Pum.Fun price can keep this momentum going without a major exchange listing. The fundamentals look stronger than most meme coins, given its revenue model and aggressive buyback program. 

If the flywheel continues to spin and retail demand eventually catches on, there’s a real chance the token could be heading much higher from here.

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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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