PUMP Explodes 84% in a Week as Million-Dollar Buybacks Fuel Rally
- PUMP surged 84% weekly as daily buybacks exceeded $1 million for three consecutive days.
- Trading volume climbed 43.68%, supporting PUMP’s breakout above the long-term descending trendline.
- Traders now watch $0.0055, with $0.0060 and $0.0065 possible targets after a breakout.
Pump.fun — PUMP, has caught traders’ attention after an explosive weekly rally. PUMP climbed 84% within seven days to $0.005136. Meanwhile, the broader crypto market fell 1.9% during the same period. Strong platform buybacks have helped drive the surge. Daily purchases have topped $1 million for three straight days. Rising trading volume also supports the move. Now, traders are watching whether PUMP can extend the rally further.
PUMP Buybacks Add Fresh Buying Pressure
Pump.fun’s buyback program stands behind much of the recent momentum. The platform uses trading revenue to purchase PUMP tokens from the market. Those purchases create direct demand for the token. Buybacks topped $1 million daily for three consecutive days. The latest 24-hour period recorded roughly $1.01 million in purchases. Such activity gives the rally a stronger fundamental connection. The buying pressure does not rely solely on broader market optimism.
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