- Pump Fun (PUMP) surged 22% to $0.0056 after its Binance.US listing and a $12.2M token buyback cut supply by 6.1%.
- Open interest climbed nearly 22% to $759M, while trading volume spiked 130%, showing strong trader participation and bullish momentum.
- With $808M in lifetime revenue and top DEX status, technicals suggest PUMP could target $0.01 if resistance at $0.00677 breaks.
Pump Fun (PUMP) just went wild—smashing through resistance with a 22% leap, landing near $0.0056. The surge came after Binance.US announced deposits and kicked off trading against USDT, opening the doors to a bigger pool of American traders. Trading volumes followed suit, spiking more than 130% to $443 million, while market cap crept toward that magic $2 billion mark.
Binance Listing + Chart Breakout = Fireworks
The listing alone was enough to juice momentum, but the charts added fuel. PUMP completed a double bottom pattern that had been brewing since mid-August, blasting through the $0.00499 barrier and flipping it into support. Indicators are flashing green—RSI sits at 73, high but not overheating, and moving averages all point north. Traders are already eyeing the next ceiling near $0.0067, and if that cracks, the path to $0.01 starts looking less like a dream and more like a target.
Buybacks Create Scarcity and Speculation
Behind the scenes, Pump.fun’s $12.2 million buyback program pulled a big chunk of tokens out of circulation this week. Since launch just two months ago, they’ve already yanked $84 million worth back from the market—shrinking supply by over 6%. That kind of scarcity usually does one thing: drives prices up. Open interest tells the same story, jumping nearly 22% to $759 million as derivatives traders pile in, bracing for bigger swings ahead.
Revenue Machine Fuels the Ecosystem
And then there’s the revenue. Pump.fun has clocked in $808 million lifetime—beating out older names like PancakeSwap and Raydium—making it the top-earning DEX over the last year. Creator payouts are booming too, with $15.5 million handed out in just a week. With more than $2 billion in cash reserves earmarked for creator incentives and growth, analysts are starting to treat PUMP less like a meme token and more like a serious revenue protocol.
Right now, support zones sit between $0.0045 and $0.0047, while bulls are gunning for a breakout above $0.0067. If momentum holds, the technicals suggest an upside as big as 80% could still be on the table.
