TLDR
- PUMP token achieved $3 billion market cap milestone with 71% weekly gains
- Daily $2 million buyback program creates consistent buying pressure for token holders
- All-time high of $0.00849 reached as platform livestreaming feature returns successfully
- Analysts target $0.01 price level if PUMP maintains support above $0.0069
- Platform claims leadership in concurrent livestreams over competitors like Rumble
Pump.fun’s PUMP token has captured crypto market attention after hitting a $3 billion market cap for the first time. The Solana-based memecoin launchpad token surged to an all-time high of $0.00849, delivering 71% weekly gains to investors.
The price rally comes as Pump.fun implements strategic buyback programs. The platform purchases approximately $2 million worth of PUMP tokens daily, creating steady demand pressure. This approach has helped the token recover from its initial 60% crash following a controversial ICO launch.
Market data shows PUMP has become the second most active token for liquidity on the Solana network. Platform fees are rising consistently as user activity increases across the memecoin creation ecosystem.
Buyback Strategy Drives Recovery
When PUMP initially launched, critics labeled it among the worst ICO performances in recent memory. The token price plummeted over 60% from launch levels, raising serious concerns about tokenomics structure.
The buyback program has restored investor confidence through consistent daily purchases. Revenue from platform fees funds these buybacks, creating a sustainable model for price support. Total value locked on the platform continues growing as more users participate in memecoin creation and trading.
Trading patterns indicate the current rally is primarily driven by buybacks and retail investors rather than institutional whale activity. Perpetual futures positions show bullish sentiment, with most leveraged traders betting on continued price appreciation.
Platform co-founder Alon Cohen claims Pump.fun now exceeds Rumble in concurrent livestreams and is targeting Kick next. However, verification of these viewer metrics remains difficult as Pump.fun doesn’t publish equivalent data to tracked platforms.
Pump.fun Price Prediction
Technical analysts identify $0.0069 as the critical support level for PUMP token. Maintaining prices above this threshold could trigger a move toward the $0.01 target that many traders are watching.
Short-term price predictions suggest PUMP could reach one cent if current momentum continues. The daily buyback program provides consistent buying pressure that supports these bullish forecasts.
Longer-term predictions become more optimistic if the current bull cycle continues. Some analysts believe PUMP could climb higher during favorable market conditions.
The platform’s controversial livestreaming feature has successfully relaunched after suspension in November 2024. New guidelines and creator revenue-sharing programs launched in May allocate 50% of PumpSwap revenue to coin creators.
Daily trading volumes demonstrate strong market participation despite questions about organic demand versus buyback-driven activity.
