TL;DR
- Pump.fun’s token PUMP surged over 20% in the last 24 hours, driven by record buybacks and strong demand for associated meme tokens like TOKABU.
- The platform reinvests daily fees into buybacks, fueling price growth despite ongoing whale selling.
- TOKABU notably reached a new all-time high, pushing Pump.fun’s ecosystem into the spotlight amid a $1.32 billion market cap and a trading volume above $423 million.
Pump.fun’s PUMP token is making significant strides toward recovering its initial coin offering price of $0.0036, following recent rallies that increased the price by over 20%. This upward momentum is largely fueled by an aggressive buyback program, which has so far repurchased approximately 0.67% of the total token supply. The platform’s revenues from daily fees have surpassed $2 million, and all these earnings are being funneled back into buying PUMP tokens.
This strategy not only supports the token’s price but also incentivizes long-term holding, moving away from the early reputation of rapid insider sell-offs. The team behind Pump.fun is committed to transparency and sustainability, which helps build trust among investors and encourages broader adoption of their platform and tokens.
Meme Token TOKABU’s Record Rally Boosts Ecosystem Visibility
An important factor contributing to Pump.fun’s recent success is the impressive performance of the Spirit of Gambling token, TOKABU. This token surged more than 65% in a single day, hitting a peak price near $0.06 before a slight correction. The rally attracted significant whale participation and smart money inflows, bringing renewed attention to Pump.fun’s curated token portfolio.
Alongside TOKABU, other tokens like HOUSE and USDUC are part of this selective buyback program designed to nurture high-potential assets. Although profit-taking has begun on TOKABU, the momentum highlights the foundation’s intent to develop tokens with cult-like followings, aiming to avoid the liquidity problems that plagued earlier meme tokens.
Despite some large holders still selling, the overall market response has been positive. The circulating supply remains above $1.2 billion, and recent trading volume surged by nearly 100% to over $423 million. This growth signals increasing investor confidence in Pump.fun’s model, which combines innovative tokenomics with strategic buybacks.
With a market cap now at $1.32 billion, Pump.fun is carving a solid niche in the US crypto market, proving that careful curation and reinvestment can support sustainable growth even in the volatile memecoin sector. Analysts expect that if this momentum continues, Pump.fun could become a significant player among decentralized exchange ecosystems in the near future.
