PUMP Explodes 27% as Buybacks Return—Is This Just the Beginning? - Crypto Economy

TL;DR

• PUMP has jumped 27% in the past 24 hours after Pump.fun reactivated its buyback plan, injecting fresh momentum into the memecoin sector.
• The team added 12,000 SOL—around $2.16 million—to its buyback wallet, shrinking supply.
• On-chain data shows netflows up 135%, a sign that traders see more upside ahead as PUMP aims for $0.0040 in the short term.

Pump.fun’s native token, PUMP, is turning heads again after its price rocketed 27.24% in just one day, pushing its market cap past $1.1 billion. The latest surge comes as the platform doubled down on buybacks, using millions in fees to soak up tokens from the open market. This move has not only tightened supply but also signaled to investors that the team is serious about boosting long-term value.

Buyback Push Fills Wallet With 12,000 SOL

Fresh blockchain data confirms that Pump.fun moved 12,000 SOL—worth about $2.16 million—into its dedicated buyback address this week. Since July 16, the platform has already spent more than $21.5 million repurchasing 3.8 billion PUMP tokens. By recycling platform fees into buybacks, Pump.fun has removed a chunk of circulating supply, fueling a price rally that shows no sign of slowing down yet.

The renewed buyback plan helped spark a dramatic jump in spot market inflows. According to Coinglass, netflows into PUMP jumped 135% in a single day. This means traders are putting more capital into the market than they’re pulling out, a sign that confidence is rebounding as the buyback wallet grows fatter.

Bullish Signals Point To Fresh Breakout

The technicals back up the optimism. PUMP’s Balance of Power indicator sits at 0.77, showing that buyers are clearly in control for now. At its current price of $0.003128, the token is just below resistance at $0.0032. If the buying momentum holds, that ceiling could flip into a new support level, opening the door for a run toward $0.0040 in the coming days.

Daily trading volume is also up slightly, hitting $652 million in the last 24 hours. While that’s only a 1.63% increase, it confirms steady interest even as the token’s price accelerates. Still, traders should watch for profit-taking. If inflows weaken or large holders decide to cash in gains, PUMP could retrace to the $0.0022 zone.

Despite the risks, the comeback story is clear: by putting platform fees to work and keeping the buyback machine active, Pump.fun is giving holders new reasons to stay bullish.