Pump.fun reportedly captured around 62% of Solana launchpad revenue and approximately 55% of launchpad trading volume over a recent two-week period; that’s a lot of lost ground regained from competing platforms.
Its ecosystem activity has also strengthened. PumpSwap recorded close to $2 billion in daily DEX volume, while Pump.fun crossed $1 billion in cumulative revenue since launching in January 2024.
The latest dashboard showed annualised fees of around $411 million, annualised revenue of $329 million, and 30-day DEX volume of approximately $1.56 billion. Since part of the platform’s fee income is used to buy back PUMP, higher activity can create a recurring source of demand for the token.
PUMP is trading near $0.0021 after recovering from the late-July lows. Momentum has improved, but the token is currently consolidating rather than breaking out strongly.
The RSI is close to 48, placing PUMP in neutral territory. Meanwhile, the MACD histogram has turned slightly positive, suggesting selling pressure may be weakening. However, the MACD lines remain below zero, so confirmation of a stronger trend is still needed.
The liquidation heatmap shows a major concentration of liquidity above the current price, particularly around $0.0023-$0.0024. These levels could attract price if bullish momentum continues. On the downside, liquidity is visible near $0.0018, making it an important support region.
Aggregated open interest stands near $144.7 million, while the funding rate is positive at approximately 0.0074. This indicates that traders are leaning bullish, but positioning is not yet extremely overheated.
The main upside trigger is a clean move above $0.0023. Failure to hold $0.0020 could weaken the setup and increase the chance of a move toward $0.0018.
For now, PUMP’s combination of revenue growth, buybacks and improving market share keeps it among the stronger Solana ecosystem tokens to watch.
