PUMP Price Hits New ATH as Pump.fun Starts Buyback

Launched by meme coin launchpad Pump.fun, PUMP token has taken the market by storm, recently hitting a new all-time high of $0.0065. 

With a 60% price surge following the launch of a revenue-backed token buyback program, this Solana-based meme coin is quickly becoming one of the hottest assets in the space. 

But what’s really fueling this momentum, and can the rally continue? Let’s dive into the details.

PUMP Price Hits New ATH 

The Solana-based meme token PUMP is turning heads after breaking past expectations and hitting a new all-time high (ATH) of $0.0065. 

The PUMP price rally comes shortly after its launchpad, Pump.fun, kicked off a large-scale token buyback program, a move that has significantly boosted investor confidence and market momentum.

Despite tough conditions in the broader crypto market, PUMP token is showing strength, rising over 60% from its initial coin offering (ICO) price of $0.004, and outperforming many larger assets.

Read Also: PUMP Token Massive Launch, Shows Positive Signs!

The PUMP Price Rally

The surge in PUMP’s value can be traced back to a combination of strong presale demand, whale activity, and Pump.fun’s strategic buyback initiative, which is now being compared to Hyperliquid’s successful HYPE model.

On-chain data reveals that Pump.fun-linked wallets bought around $2.3 million worth of PUMP tokens, fueling a wave of renewed optimism and bullish sentiment across the market.

Here’s the reasons behind the PUMP price rally:

1. Successful $600M Presale: The hype around PUMP was no joke, its presale raised a jaw-dropping $600 million in just 12 minutes, showcasing massive early interest.

2. Buyback Program Creates Upward Pressure: Pump.fun’s 25% revenue-backed buyback is putting steady demand on the token. An estimated $538,000 worth of PUMP is being bought daily and redistributed to holders.

3. Whale Accumulation: Big investors are jumping in. Two large wallets reportedly dumped their Fartcoin holdings to purchase over $6 million in PUMP, suggesting a high level of confidence in the token’s future.

4. Undervalued Compared to Peers: While platforms like Jupiter and Raydium trade at higher earnings multiples, PUMP offers more favorable ratios, 10.78x market cap-to-earnings and 30.51x FDV-to-earnings, based on recent trailing data.

5. Strong Technicals: PUMP’s Relative Strength Index (RSI) still points to potential upside. The token is currently challenging the $0.0062 resistance level, and a clean break above could trigger another surge.

Read Also: PUMP Token FDV Hits $5.6B After ICO Sells Out in Minutes

What's Next for PUMP Token?

Now that $0.0065 has become the new ATH, the market will be watching closely to see if the momentum continues. A daily close above $0.0062 would be a bullish signal and could encourage more investors on the sidelines to buy in.

If Pump.fun continues to fuel buybacks at the current rate, and smart money keeps accumulating, the upward trend could still have legs, especially given the broader market’s interest in meme coins.

Read Also: 

• PUMP Price Today
• How to Buy PUMP
• PUMP/USDT Spot Trading

Conclusion

The PUMP price rally is no coincidence. Fueled by a powerful combination of strong presale numbers, daily buybacks, and strategic investor interest, PUMP has proven it's more than just hype.

Now trading at a new ATH, PUMP token is becoming a standout in the meme coin landscape, and with current valuations still seen as discounted, it may still have room to grow. For investors tracking market momentum, PUMP is one to watch.

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FAQ

What is the current all-time high for PUMP?

The PUMP token recently hit an all-time high of $0.0065, which is a 62% increase from its ICO price.

Why did the PUMP price spike?

The price surged largely due to Pump.fun’s buyback program, which uses 25% of its revenue to purchase and redistribute tokens, creating strong upward pressure.

Is PUMP a good investment now?

While it has seen massive growth, analysts believe PUMP is still undervalued compared to similar tokens like Raydium and Jupiter. A breakout above $0.0062 may signal further upside.

How much is Pump.fun spending on buybacks?

According to Delphi Digital, Pump.fun is distributing around $538,000 per day to token holders through its buyback mechanism.

What sets PUMP apart from other meme tokens?

Unlike many meme tokens that rely solely on hype, PUMP is backed by a revenue model and buyback program, making it more attractive to long-term holders and institutional investors.