Highlights:
- Pump.fun is pushing towards multi-month resistance at $0.0067
- Rally driven by the rising dominance of PUMP.Fun platform
- Continuation of rally through $0.0067 could see PUMP eliminate a zero
Pump.fun (PUMP) has had a good run recently. In the last 7 days, PUMP has rallied by 40%, outperforming most top 100 cryptocurrencies. Today, PUMP continues this momentum and is up by 6.03% in the last 24 hours to trade at $0.00506. However, PUMP trading volumes have dropped by 5.93% intraday to stand at $226.08 million. This could indicate that while holders are not selling, new investors are waiting on the sidelines to see whether PUMP could sustain this momentum.
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Such could be driven by Bitcoin, the primary market direction driver, which continues to trade sideways. As such, investors could be wary that any altcoin that pumps may be headed for a correction to reflect the broader market. However, there is a stronger chance that Pump.Fun could be headed higher, mainly due to the confluence of bullish news around it.
PUMP Growing Dominance In the Solana DEX Ecosystem
One of the factors likely to help PUMP sustain its momentum so far is its growing dominance in the Solana DEX platform. Data shows that on September 8, PUMP trading volumes shot up to $878 million in a single day. This figure saw PUMP outperform other popular DEXs such as Raydium and Meteora. By outperforming popular DEXs, PUMP is giving the market the impression that it is increasingly the go-to platform for investors looking to trade Solana meme coins and other tokens.
Given that the Solana meme coin ecosystem is still in a growth phase, the growing dominance of Pump.fun means the value of the PUMP token is likely set to keep going up as well. For context, the recent surge in platform usage directly correlates to the token’s price action in the last 7 days. It’s a hint that PUMP could be headed much higher as adoption grows.
🚨BREAKING: Pumpswap by @pumpdotfun has flipped Meteora and Raydium to become the top Solana DEX, recording its highest-ever daily trading volume at $878M in the past 2H. pic.twitter.com/5klIFbSmV4
— SolanaFloor (@SolanaFloor) September 8, 2025
Pump.Fun Growing Revenues Likely to Sustain Bullish Momentum
PUMP could also benefit from the fact that the revenues of Pump.Fun are on the rise. In August, Pump.Fun recorded a strong revenue growth after a slight drop in July. According to DeFiLama, Pump.fun revenues shot to $13.48 million between August 11 and 17. This is a big deal because Pump.fun has a revenue-sharing model with creators.
Pump.fun recently updated the revenue-sharing model and distributed $2 million to creators immediately after launching the new model. This means that the revenues Pump.fun earns incentivize more creators to launch projects on the platform. By extension, this means its dominance continues to grow, positively impacting the PUMP token’s value. It is part of why PUMP is increasingly showing strength in the market.
Rising Revenues Fueling More PUMP Buybacks
The Pump.fun revenues are also used to buy back PUMP tokens. In the past week, the Pump.fun platform bought back $12.19 million worth of PUMP tokens. This is significant as it represents 98% of the total revenues that Pump.fun generated between August 28 and September 3. At the moment, the buybacks have taken in 5.3% of PUMP’s total circulating supply. With Pump.Fun’s growing dominance in its core market, revenues are likely to keep going up, which by extension means more buybacks. The result is that the value of PUMP tokens could go up significantly.
You can probably full port $PUMP here.
Half-Pipe in motion.
In the past week, Pumpfun has bought $12M worth of tokens 98% of their total revenue.
That is insane. They’ve now bought back 5.3% of the entire supply.
This week they also announced Project Ascend. At first I… pic.twitter.com/WHcnJDInTz
— Nick Ford (@itsnickford) September 5, 2025
Technical Analysis – Pump.fun Trending Towards Critical Resistance
PUMP bounced off $0.0026 support on August 26. Since then, it has been going up, while making higher lows. If the current momentum continues, the key level to watch for Pump.fun is the $0.0067 multi-month resistance. A rally through this resistance could see PUMP eliminate a zero in the short term.
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