{"id":6134,"date":"2025-08-01T04:11:05","date_gmt":"2025-08-01T04:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/aehated-rallyae-coming-pump-fun-pump-soars-30-from-lows-amid-token-buybacks\/"},"modified":"2025-08-01T04:11:05","modified_gmt":"2025-08-01T04:11:05","slug":"aehated-rallyae-coming-pump-fun-pump-soars-30-from-lows-amid-token-buybacks","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/aehated-rallyae-coming-pump-fun-pump-soars-30-from-lows-amid-token-buybacks\/","title":{"rendered":"\u2018Hated Rally\u2019 Coming? Pump.Fun (PUMP) Soars 30% From Lows Amid Token Buybacks"},"content":{"rendered":"

After hitting a new low two days ago, Pump.fun (PUMP) has jumped nearly 30% to a key resistance level. As the token attempts to reclaim this area, an analyst suggested that the bottom may be in, and a recovery rally is underway.<\/p>\n

PUMP Sees Rollercoaster Price Action<\/h2>\n

On Thursday, Pump.fun retested a crucial level after its recent struggles. The token has been making the headlines for its constant bleeding, hitting new all-time lows (ATLs) over the past week.<\/p>\n

Notably, PUMP launched on July 14 and surged 70% from its Initial Coin Offering (ICO) price of $0.0040, hitting its all-time high (ATH) of $0.0068 two days later. However, selling pressure from large-scale investors and disappointing updates about the highly anticipated token airdrop halted the fun.<\/p>\n

Just a week after its launch, Pump.fun\u2019s token fell below its ICO price and continued to nosedive below the $0.0030 mark over the following days. The cryptocurrency hit an ATL of $0.0028 last Thursday after the platform\u2019s co-founder, Alon Cohen, stated that the PUMP airdrop would not be taking place soon.<\/p>\n

Since then, the token has dropped even further, hitting a new low of $0.0022 on July 29, nearly a 70% drop from the ATH. Nonetheless, PUMP has also been ranging between the $0.0024-$0.0029 area during the past week, attempting to break above this range three times.<\/p>\n

Over the past two days, Pump.fun has surged nearly 30% from the lows, breaking above the $0.0030 resistance for the first time in a week. The token surged 12% on Thursday to hit a weekly high of $0.0032 before retracing toward the $0.0027-$0.0029 area.<\/p>\n

Crypto analyst Altcoin Sherpa highlighted<\/a> the recent price action, suggesting that PUMP has shown \u201csome great strong moves lately\u201d and a breakout and \u201chated rally\u201d could be coming soon.<\/p>\n

He previously forecasted that the bottom would happen \u201crelatively soon,\u201d and it would likely be followed by \u201csome sort of giga crime pump.\u201d<\/p>\n

Pump.Fun Buybacks To Fuel The Recovery?<\/h2>\n

The recent recovery appears to be partially driven by the platform\u2019s buyback program and whales\u2019 renewed interest in the token. Notably, a large-scale investor that previously lost $125,000 on PUMP purchased $3.16 million worth of tokens on Thursday. Lookonchain shared<\/a> that a whale spent 17,542 SOL to buy $1.06B of $PUMP at $0.00297.<\/p>\n

Meanwhile, a community member noted that \u201cPumpFun has pivoted to what seems to be 100% token buybacks. <\/strong>98% of yesterday’s PumpFun \/ PumpSwap revenue went to buying PUMP today.\u201d<\/p>\n

Similarly, On-chain sleuth EmberCNB detailed<\/a> that Pump.fun transferred 12,000 SOL, around $2.16 million, to its buyback address on July 30. It\u2019s worth noting that the memecoin launchpad started a repurchase initiative on July 16, when the token hit its ATH.<\/p>\n

According to the report, Pump.fun initially transferred 187,770 SOL, approximately $30.53 million, from its fee wallet to the buyback address. Since then, the platform has repurchased 3.828 billion PUMP tokens for 129,100 SOL, valued at $21.5 million.<\/p>\n

Nonetheless, an X user expressed<\/a> concerns about the initiative, affirming that \u201cit is erratic.\u201d To the community member, the inconsistent buybacks are \u201cnot a good look (\u2026) first day 10m (way above their revenue), then stop, then 1m, then stop, now 100%, they are just playing to see what gets the attention, then stop buybacks altogether.\u201d<\/p>\n

As of this writing, PUMP is trading at $0.0027, a 7% decline in the weekly timeframe.<\/p>\n

\"pump.fun,<\/p>\n","protected":false},"excerpt":{"rendered":"

After hitting a new low two days ago, Pump.fun (PUMP) has jumped nearly 30% to a key resistance level. As the token attempts to reclaim this area, an analyst suggested that the bottom may be in, and a recovery rally is underway. PUMP Sees Rollercoaster Price Action On Thursday, Pump.fun retested a crucial level after…<\/p>\n","protected":false},"author":1,"featured_media":6135,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[114,424,487,72,2965,3036,3037,3038,819,2969,2971],"class_list":["post-6134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-community","tag-crypto-whales","tag-cryptocurrency-market-news","tag-pump","tag-pump-atl","tag-pump-breakout","tag-pump-price","tag-pump-fun","tag-pump-fun-token","tag-pumpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=6134"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/6135"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=6134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=6134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=6134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}