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4 clusters · 8 sources · 22 days · First seen · Last updated

Categories: BUSINESS

Pump.fun DEX growth, buybacks and token rally

Entities: Bitvavo · Solana blockchain · Dutch cryptocurrency market · PUMP token · Pump.fun platform

Overview

In early July 2026 Pump.fun’s Solana‑based DEX, PumpSwap, recorded $1.77 billion of 24‑hour volume, overtaking major rivals and generating roughly $1.13 million in daily fees. Revenue hit $1 billion overall, with annualised earnings projected at $344 million and buy‑backs peaking at $407 million, burning 149 billion PUMP tokens (≈15 % of supply).

By mid‑July the protocol disclosed a sharp cut in buy‑back funding to about 50 % of net fees, with the latest month seeing an $9.2 million spend, an 80 % drop from the peak. A large unlock of 825 billion tokens (≈8 % of supply) raised concerns about price pressure, though fee revenue remained strong.

On 23 July the PUMP token broke out of an inverse head‑and‑shoulders pattern, trading near $0.00194, up 1.5 % in 24 hours, and analysts set a short‑term target of $0.0034. The platform also launched a “BOOST Mode” for new coin launches, aiming to preserve liquidity that had previously cost the network over $100 million annually.

A week later, on 27 July, the token rallied 64 % since the end of June, reaching $0.00214 on the Dutch exchange Bitvavo with a daily gain of nearly 19 % and €3.4 million of volume. Contrary to expectations, the recent unlock was largely absorbed by spot‑market buyers, pushing price toward the $0.0020 resistance. Technical indicators signal short‑term bullish momentum, while declining derivatives open‑interest suggests reduced leveraged speculation. The continued price strength underscores market confidence despite the enlarged circulating supply.

Timeline

  1. 4 days ago

    [BUSINESS] 3 sources
    Pump.fun token surges 64% as token unlock drives buying on Bitvavo

    Pump.fun’s PUMP token jumped ~64% since June, reaching $0.00214 with €3.4 M traded on Bitvavo. A large token unlock was absorbed by buyers, pushing price toward resistance and showing bullish technical signs.

  2. 7 days ago

    [BUSINESS] 2 sources
    Pump.fun token targets $0.0034 as bullish breakout lifts price

    Pump.fun token broke out of an inverse head‑and‑shoulders pattern, trading near $0.00194 and eyeing $0.0034, while the platform launches BOOST Mode to lock in liquidity lost on token migrations.

  3. 18 days ago

    [BUSINESS] 3 sources
    Pump.fun buybacks cut 15% of PUMP supply as large token unlock approaches

    Pump.fun’s $407 M buybacks have burned 15 % of PUMP tokens, but a 825 billion‑token unlock worth $1.25 billion and shrinking buyback funds could pressure the price.

  4. 25 days ago

    [BUSINESS] 2 sources
    Pump.fun DEX tops Uniswap with $1.77 bn daily trading volume

    Pump.fun’s PumpSwap DEX logged $1.77 bn 24‑hour volume, surpassing Uniswap, while its $PUMP token saw price gains and strong trading activity.

Sources

ambcrypto.com · blocktempo.com · coinpedia.org · crypto.news · cryptobriefing.com · newsbit.nl · tradingview.com · tronweekly.com