PUMP, the native token of meme-coin launchpad Pump.fun, jumped 13% in 24 hours and 39.8% over the week to $0.0053, according to CoinGecko, bringing it within reach of its July debut price of $0.0055 and well above its ICO price of $0.004.
The uptick followed a Wednesday listing on Binance.US and a string of product moves from Pump.fun — including user-interface refinements, an exclusive Bubblemaps integration, and a partnership with exchange MEXC that promises a Pump.fun token listing every Monday (the first was Trencher Broadcasting Company).
Pump.fun has also been using protocol revenue to buy back PUMP. A platform dashboard shows a purchase of 11,785 SOL (about $2.5 million) on Tuesday — more than 100% of that day’s revenue — and total buybacks of roughly $99.2 million to date. Those revenues have helped Pump.fun reclaim launchpad market share after a period dominated by rival LetsBonk, per Dune analytics.
The platform’s daily revenue has climbed back to levels not seen since May, peaking at $2.28 million in late August and hitting about $1.5 million on Tuesday. While PUMP itself surged, ecosystem tokens were broadly flat on the day, though individual projects saw sharp moves — HYPER rose 25% while SPARK fell about 12%.
Speculation around a PUMP airdrop persists, but Myriad prediction markets put the probability that an airdrop will not occur by the end of September at roughly 84%.
Why it matters: the Binance.US listing, active buybacks and new exchange partnerships are feeding a feedback loop that can attract short-term traders and boost token visibility, but meme coins remain highly volatile — investors should be aware of rapid price swings and limited fundamentals.
Source: Decrypt. Read the original coverage for full details.