Haciyev Reşit 
The native token of the Pump.Fun platform, PUMP, has been attracting investor attention in recent days. In just one week, the token surged by 70%, and it is now trading near all-time highs. The main reasons investors are discussing this token include Binance listing, record buybacks, and investor profits.
PUMP Token Listed on Major Exchanges
One of the biggest drivers of PUMP’s rise was its listing on Binance, the world’s largest crypto exchange. This listing not only increased the token’s global recognition but also drew attention with a $350 million PUMP reward campaign.
Additionally, the Philippines-based exchange Coin.ph listed PUMP, further contributing to the price increase.
Record Buybacks and Trader Profits
The Pump.Fun platform uses over 98% of its revenue for token buybacks, directly supporting the token price. The platform’s lifetime revenue exceeds $808 million, and the team holding a significant portion of the token provides long-term confidence for investors.
According to Bubblemaps, the market maker Wintermute liquidated $10 million from PUMP trades. Small investors mostly earned less than $1,000, while about 50% of all PUMP holders are in profit.
PUMP Token Price Analysis
Since late July, PUMP has experienced a strong recovery, rising approximately 130% in the last month. The token is currently trading near $0.007746, close to its all-time high, and could target the psychological $0.01 level in the short term.
Technical Support and Resistance:
- Support: $0.0078 – $0.0085
- Resistance: $0.0090
As long as the token remains above this support, the uptrend is likely to continue, and a quick move toward $0.01 is possible.
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