$PUMP is on the rise, up 34% in 7 days and 7.5% in 24hours
Here’s what’s driving it:
🔹 Market Share Rebound: Pump.fun processed 13,690 tokens in 24h, overtaking LetsBonk (13,392) for the first time since June, signalling renewed dominance in memecoin launches.
🔹 Buyback Momentum: ~$31.3M in token buybacks funded by protocol revenue. Since Aug 1, 8.74B $PUMP (~2.5% supply) has been burned using SOL-based fees.
📉 Why it matters:
15% of unlocked post-ICO tokens now off-market → reduced sell pressure
Consistent buybacks reflect strong team support
💡 Key Metric:
Daily revenue sits at ~$210K. Staying above $150K is critical to sustain buybacks.
Despite the rally, $PUMP still trades ~45% below its ICO price, with legal risks from a $5.5B lawsuit remaining a key concern. #pumpfun