Pump.fun $58M Buyback News Sparks Price Surge: Will PUMP Keep Rising?

The Pump.fun news shocked the crypto market today with its token buy pattern. Over the past week (Aug 20–Aug 26), the team has made a huge token buy, spending $10.65 million in tokens. This amount was equal to 99.32% of its total revenue during the week. With this, the project has now bought back $58.13 million worth of coin in total. The team shared the news over X (formerly Twitter).

Source: X

According to official data, these purchases have offset 4.261% of the circulating supply from its massive 1 trillion coin total. On its website, the team also reported cumulative purchases of 332,175 SOL.

Pump.fun News Today: Revenue and Token Buy Trends

Since its token launch date in July 2025, it has tracked both revenue and purchases in SOL. The highest activity came on August 8, with nearly 17,000 SOL in coins buys, matching a revenue peak above 15,000 SOL. The lowest point was July 24–25, when both revenue and purchases nearly touched zero.

Source: Website

From late July into early August, revenue mostly ranged between 2,000 and 10,000 SOL, with sudden spikes on July 30 and August 8. At peak times, purchases equaled nearly 200% of the previous day’s revenue. By mid-August, both revenue and coin buys settled between 7,000–9,000 SOL, showing a stable but strong trend.

This consistent activity has raised curiosity around Pump token news , especially for traders following volume patterns.

Why Is Pump.fun Price Going Up Today?

The buyback announcement quickly influenced the market. The Pump.fun price jumped 4% in just 24 hours, moving from $0.002918 to $0.003136. At the time of writing, it traded at $0.003108 with a $1.1 billion market cap and $230 million in daily trading volume.

Source: CoinMarketCap

The token’s value appreciated in the last week by 3.27% and fluctuated between $0.0026 and $0.0032. Over the last month, the increase was 27%, which is greater than in the last week. This trend accounts for the ongoing Pump.fun price appreciation, as buybacks keep demonstrating strong demand for buying.

Since Pump.fun is based on Solana, the rest of the ecosystem also registered positive movements. The price of Solana price increased by more than 2% in a single day and now stands at $209.57, with a market capitalization of $113.31 billion and a 24-hour trading volume of $12.34 billion.

Pump.fun Price Prediction: What’s Next?

The 4-hour chart indicates that the token is consolidating around $0.0031 following drops. The RSI is at 58.49, above its moving average (50.74), suggesting fresh bullish momentum.

Source: TradingView

Bullish case: If the price breaks above $0.0035, it may rise toward $0.0042–$0.0045. Strong volume could push it to $0.0050.

Bearish case: A rejection at $0.0035 could pull it back to $0.0028–$0.0026. A drop below $0.0025 risks deeper fall to $0.0020.

The big question remains: will it reach $1? At $0.0031, hitting $1 would mean a 30,000% surge. This is unrealistic in the short term, but not impossible if adoption grows over time. For now, analysts suggest focusing on resistance levels between $0.0035–$0.0050 and support levels from $0.0026–$0.0020.

Conclusion

The $58 million buyback is the biggest one to date, enhancing demand and get the attention of coin holders. While the reaction from the market shows confidence, queries such as will it reach $1 remain for long periods of time. In the near future, traders may be looking out for the resistance at $0.0035–$0.0050 and the support at $0.0020–$0.0026.

Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.