TLDR
- PUMP price surged 20% with market cap reaching $1.97B and trading volume hitting $425M
- Pump.fun executed a $12.2M buyback, tightening supply as open interest climbed 21.79%
- Binance.US listed PUMP for trading on September 10, boosting demand
- Technical analysis shows a double rounded bottom breakout pattern pointing toward a $0.01 target
- The protocol has generated $808 million in lifetime revenue, outpacing many competitors
The Pump.fun token (PUMP) has experienced a major price surge of approximately 20% in the past 24 hours, reaching $0.00556 as market dynamics shift strongly in its favor. Trading volume has exploded to between $187-443 million after increasing by over 120%, while market capitalization has climbed to nearly $2 billion. These metrics reflect growing investor interest and participation in the relatively new token.
The price movement comes as Pump.fun continues to implement an aggressive buyback strategy. The platform recently executed a $12.2 million buyback, removing tokens from circulation and creating upward pressure on the price. This buyback is part of a larger strategy that has seen more than $84 million worth of tokens repurchased, reducing the circulating supply by 6.11% in just two months since launch.
A major catalyst for the recent price action was the listing on Binance.US. The American arm of the world’s largest cryptocurrency exchange opened deposits for PUMP on September 9, with PUMP/USDT trading pairs going live on September 10. This new avenue for trading has significantly boosted demand for the token.
Deposits for $PUMP are now open on https://t.co/AZwoBOgsqS!
Trading on the PUMP/USDT pair will begin on Sep 10 at 7 a.m. EDT.@pumpdotfun is a popular Solana-native launchpad that lets anyone create a token and trade it instantly via an automated bonding-curve market.
— Binance.US 🇺🇸 (@BinanceUS) September 9, 2025
Technical analysis of PUMP reveals a double rounded bottom formation that has been developing since mid-August. The token has recently broken past the $0.00499 resistance level, which now serves as a support base. The next major resistance is at $0.00677, a level where PUMP previously faced rejection.
Technical Outlook and Price Targets
If PUMP can close above the $0.00677 resistance, it would confirm a bullish continuation pattern with a projected upside of nearly 80%. This puts the $0.01 price target within reach, with limited resistance zones expected before reaching this milestone.
The Directional Movement Index (DMI) supports this bullish outlook, with the positive directional indicator (+DI) line remaining above the negative directional indicator (-DI) line, suggesting that buyers currently dominate the market.
Technical indicators broadly support the rally, with strong buy signals across oscillators and moving averages. The Relative Strength Index (RSI) sits at 73, indicating momentum that is approaching overbought territory but not yet at extreme levels.
Any pullbacks toward $0.00499 or $0.00454 are expected to find support quickly, maintaining the overall bullish bias. Immediate resistance is near $0.0058, while support is found around $0.0047.
Revenue Growth and Ecosystem Expansion
The Pump.fun ecosystem continues to expand beyond price action. The platform has formed a new partnership with MEXC Global called “MEXC Mondays,” which will feature weekly listings of fresh community tokens. This adds another growth vector to the ecosystem.
On-chain data highlights Pump.fun as a revenue powerhouse. According to Token Terminal, the protocol has generated $808 million in lifetime revenue, outperforming rivals like PancakeSwap and Raydium to rank as the top decentralized exchange (DEX) by revenue over the past year.
The platform distributed $15.5 million in creator fees in just seven days, underscoring its position as one of the most active decentralized applications (dApps) on the Solana blockchain.
This revenue stream is crucial for sustaining the daily buybacks that have been supporting the price. Reports indicate that Pump.fun now holds over $2 billion in cash reserves earmarked for reinvesting into creator growth, creating what some analysts describe as a self-reinforcing model.
Open interest in PUMP has jumped 21.79% to reach $759.47 million, according to data from CoinGlass. This surge in speculative participation, combined with the large-scale repurchases, reinforces the bullish market structure and aligns with the technical setup.
The combination of technical breakouts, strategic buybacks, exchange listings, and ecosystem growth has created favorable conditions for PUMP to continue its upward trajectory toward the $0.01 target.
