PUMP Price Jumps as Pump.fun Unveils Plan to Attract Millions More Users

Pump.fun, the Solana-based meme coin launchpad, has introduced a major upgrade called Project Ascend, sending its native token PUMP higher. With a 14% intraday rally and strong trading activity, investors are paying close attention to the implications of new Dynamic Fees and ongoing buyback programs. 

As Pump.fun positions itself for long-term growth, PUMP could become a central player in Solana’s meme economy.

Read Also: Pump.fun Spends $62M Buybacks as PUMP Price Rises

Key Takeaways

• Pump.fun unveiled Project Ascend, introducing Dynamic Fees V1 where larger projects pay lower fees.
• The PUMP token gained ~5% on the day and 14% intraday, now trading around $0.00387.
• $59 million worth of buybacks have already reduced PUMP’s circulating supply.
• Technicals show momentum with RSI at 62.9 and MACD bullish, but overextension near the upper Bollinger Band increases pullback risk.
• Resistance lies near $0.00400–0.00425, while support sits at $0.00358 and $0.00332.

PUMP Price Analysis

PUMP price today at $0.00387 with a market cap of $1.36 billion and 24-hour volume of $336 million. The recent surge comes directly after the announcement of Dynamic Fees V1, designed to incentivize long-term builders rather than short-term speculators.

Technical Indicators

RSI (14): At 62.9, suggesting bullish momentum but nearing overbought conditions.

MACD: Positive crossover with an expanding histogram, indicating confirmation of upward trend.

Bollinger Bands: Price is riding the upper band near $0.00398–0.00400, a sign of strength but also a warning for quick corrections.

Support and Resistance Levels

Immediate resistance: $0.00394–0.00400

Next resistance: $0.00425, then $0.00480

Support zones: $0.00358 (mid-band), $0.00332 (lower band)

If PUMP consolidates above $0.00400, momentum traders may target $0.00425 and $0.00480. Failure to hold support at $0.00358 could trigger a pullback to $0.00332.

Project Ascend: Why It Matters

Pump.fun’s Dynamic Fees V1 replaces flat-rate fees with a tiered system where fees decrease as a project grows in market cap. This incentivizes teams to stay with their communities, creating stronger ecosystems around successful meme coins.

Alongside this, Pump.fun has retired nearly $59 million of PUMP tokens, reducing circulating supply and reinforcing scarcity. These developments make PUMP not just a launchpad token but a key part of Solana’s meme economy infrastructure.

Final Thoughts

PUMP’s recent rally highlights how tokenomics upgrades and buybacks can shift market sentiment. While momentum indicators remain positive, traders should be mindful of overextension risks. 

With Project Ascend, Pump.fun is betting on sustainable meme coin ecosystems rather than short-term hype—a move that could solidify its position as the leading Solana launchpad.

Read Also: Pump.fun Buy Back Strategies: Here is What You Must Know

FAQs

What is PUMP?

PUMP is the native utility token of Pump.fun, the largest meme coin launchpad on the Solana network.

Why is PUMP’s price rising?

The price surge is driven by Project Ascend’s Dynamic Fees V1 launch and continued buyback programs reducing supply.

What are PUMP’s key support and resistance levels?

Support is at $0.00358 and $0.00332, while resistance sits at $0.00400, $0.00425, and $0.00480.

What is Project Ascend?

Project Ascend introduces a tiered fee system that rewards creators of larger projects with reduced fees, encouraging long-term community growth.