Pump.fun’s native token PUMP jumped in price this week, making it one of the strongest performers in the market.
Summary
- PUMP price jumped double digits this week, climbing to $0.0069 with daily trading volumes above $640 million and market cap topping $2.44 billion.
- Fitell, a Nasdaq-listed firm, recently added 216.8 million PUMP tokens worth $1.5 million to its treasury, marking the first public corporate allocation.
- Since July, Pump.fun has repurchased more than $124 million worth of tokens through buybacks, while its recent HTX listing boosted liquidity and its upward momentum.
According to data from crypto.news, PUMP price is trading at $0.0069, up 2.6% in the past 24 hours and more than 32% over the last seven days. The rally caps off a rough September that saw the token slip from earlier highs, but momentum has shifted quickly in October. Daily trading activity has surpassed $640 million, driving its market cap above $2.44 billion.
Buybacks and exchange listings fuel PUMP rally
Pump.fun’s buyback strategy remains the central pillar behind the PUMP (PUMP) price recovery from dips. Since mid-July, the protocol has repurchased over $124 million worth of tokens, including more than $50 million in September alone, using trading fee revenue to fund the execution.
The tokens bought back are partly burned and partly redirected into the ecosystem, creating a steady reduction in available supply. With daily repurchases in the $1–2 million range, the program serves as a long-term mechanism tightening supply.
The impact has been magnified by PUMP’s recent listing on HTX, which added liquidity and visibility, giving buybacks greater leverage in driving price appreciation.
Treasury moves boost PUMP price
Treasury demand for PUMP is also emerging as a key driver behind the rally, with corporations now allocating capital into the token. Fitell, a Nasdaq-listed company, just added 216.8 million PUMP tokens worth about $1.5 million to its treasury on October 1. The company says this is part of a broader pivot toward Solana-backed assets, positioning PUMP as a strategic holding in its digital asset reserves.
While Fitell is the first to make its allocation public, the move signals how corporate treasuries could become an important source of sustained demand for PUMP going forward.
Pump price outlook, token eyes $0.008
Uptober optimism saw PUMP break out of a falling triangle pattern, bouncing sharply from support around $0.005 and reclaiming upward momentum. The successful breakout signals renewed buying strength, with price now consolidating just under the $0.0076 resistance zone.
The RSI has also recovered strongly, climbing out of oversold conditions and now holding above the midline, showing buyers remain in control.
As long as RSI stays elevated without signs of exhaustion, momentum favors further upside. A push through the $0.008 barrier could open the way toward the next major target near $0.010.
