PumpFun

Pump.fun (PUMP): Buyback Zone Sets the Stage — Is a Breakout Brewing?
$PUMP


What’s Happening Now
Pump.fun (PUMP/USDT) is stirring trader interest after a massive, attention-grabbing buyback. The team executed a $11.6 million token repurchase on August 12, covering approximately 7.425 billion PUMP, at an average cost of $0.0058 per token . Cumulatively, Pump.fun has committed over $43.3 million to the buyback program — still trading well above the current market rate .
Current Trading Landscape
Price Update: PUMP is trading at around $0.0037–$0.0038, reflecting a drop of about 8% despite the buyback .
Volatility & Volume: Over the past month, PUMP is down nearly 47.6%, though it posted a solid rise of 20.1% in the last week, showing rebound potential .

Support-Resistance Dynamics
The $0.0029–$0.0030 range is now being closely watched as a key support level—if this area holds, it could trigger a move toward $0.0040–$0.0050.
Earlier buybacks at higher prices suggest a “floor” has been laid—but short-term technicals remain bearish .

Technical Sentiment & Market Psychology
Most technical indicators still classify PUMP as a strong sell—so even with the symbolic buyback, sustained upward movement isn't guaranteed .
On the flip side, the structure now includes a potential safety net under the price—should this trigger pay off, momentum could lift towards that $0.004–$0.005 zone.

Final Take for Traders
There’s a clear setup: lower price support via buyback, combined with fragile sentiment. If $0.0029 holds, the “wick” may light up a breakout. But if sellers overwhelm, the current downtrend could resume. It’s a high-risk, high-reward scenario—caution and confirmation are key.
What’s Your Move—Buy the Dip or Wait for Breakout Confirmation?
#pumpfun #pump #cryptotrading

Pump.fun, part of the Solana Launchpad ecosystem, has recorded its strongest week in six months, pulling in $13.48 million in revenue. The platform has now regained market dominance on Solana, overtaking its main rival LetsBonk, which has struggled to maintain its leadership.

A Dramatic Market Shift
Just two weeks ago, Pump.fun held only a 5% market share. Today, it commands an astonishing 90%, while LetsBonk has plummeted from over 80% to barely 3%. According to Blockworks, the key driver behind this turnaround has been the migration of top memecoin developers—many of them automated bot creators—who abandoned LetsBonk in favor of Pump.fun.
In the past 24 hours alone, 19,060 tokens were launched on Pump.fun with a growth rate of 0.74%, compared to just 535 tokens (1.31% growth) on LetsBonk’s BONK platform. Daily trading volume reached $133.9 million.

Bots and Buybacks Fuel the Comeback
Analysts highlight that much of Pump.fun’s activity comes from automated bots, which are driving mass memecoin launches. The momentum was further boosted by Pump.fun’s token buyback program between August 5–11, during which it repurchased $8.42 million worth of PUMP tokens—equivalent to 97% of its weekly revenue.
In total, Pump.fun has now bought back $33.13 million worth of tokens, representing 0.729% of the total supply. This helped spark a short-term price recovery for PUMP, which currently trades at $0.002877. However, the token remains down 17.33% over the past week and is still far below its July peak of $0.006812.

LetsBonk Faces Hard Times
Back in July, LetsBonk enjoyed a 74% market share, while Pump.fun’s weekly revenue had fallen to just $169,000. But by early August, the tables had turned—on August 6, Pump.fun recorded $1.38 million in daily revenue, compared to just $282,000 for LetsBonk, with over 23,000 token launches.
According to Dune Analytics, Pump.fun currently boasts 38,295 active users, while LetsBonk has only 633. Transaction counts also tell the story: Pump.fun has 548,834 transactions, compared to just 33,716 on LetsBonk.
To fight back, LetsBonk has rolled out new incentives, including a Body loyalty program and a promise to direct 1% of its revenue toward buybacks of key ecosystem tokens.
Its native token, BONK, currently trades at $0.00002234, down 0.41% today and 7.25% over the past week. BONK remains more than 50% below its all-time high of $0.000058.

The Solana Launchpad War Heats Up
The fierce competition between Pump.fun and LetsBonk highlights the volatility of Solana’s launchpad ecosystem, where tokenomics strategies and developer migration can rapidly shift market dominance.
Markets are now watching closely to see if Pump.fun’s $13.48 million in weekly revenue will secure long-term leadership—or if LetsBonk’s comeback efforts will once again disrupt the balance of power.

#solana , #pumpfun , #LetsBONK , #memecoin , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“