The bullish momentum of PUMP has surged by 10% in the last 24 hours, driven by high pump launches on Pump.fun and increased capital flow into meme coins.
Trading volume for PUMP has also seen a significant 8.89% rise to $179.28 million, with the Altcoin Season Index currently at 49, indicating a growing interest in riskier assets in the crypto market.
Network activity fuels the rally
The surge in price is accompanied by increased launch activity on Pump.fun, leading to higher platform usage and demand within the ecosystem. Continued capital flow through the platform could further boost PUMP’s momentum.
The Holder Rewards program incentivizes users to hold the token, resulting in significant network revenue gains since its launch on September 12th.
Recent data shows spikes in Pump.fun’s holders’ revenue and active addresses, with network revenue reaching $761K and active addresses numbering 86,000 in the last 24 hours.
Breaking above $0.005
PUMP is nearing its $0.005 local swing high on the daily chart, a crucial level for the ongoing recovery. Trading above key EMAs indicates continued dominance by network buyers and holders.
A successful breach of the $0.005 resistance could strengthen the bullish trend, while failure may lead to profit-taking after the token’s 10% daily gain.
Rising volume, active Pump.fun activity, and growing interest in memecoins are supporting PUMP’s current recovery.
Final Summary
- PUMP gains by 10% as rising Pump.fun activity and renewed memecoin rotation strengthen buying momentum.
- A breakout above $0.005 could extend PUMP’s recovery, while rejection may trigger short-term profit-taking.