Pump.fun (PUMP) reached a historical peak, consolidating its position with sustainable revenue.

Pump.fun (PUMP) currently maintains trading at the 0.0080 USD mark on Thursday, continuing a 4.77% increase from the previous session. This launchpad protocol is recording a steady revenue of over 10 million USD per week, reflecting strong and stable demand for meme coins in the crypto market.

In the context of strong capital flows, derivative data along with technical signals are reinforcing expectations that PUMP may soon conquer new price peaks.

Pump.fun revenue grows significantly

The steady revenue stream is demonstrating the lasting appeal of this protocol. For four consecutive weeks, Pump.fun has recorded weekly revenue exceeding 10 million USD – a clear testament to the strong demand for token creation in the crypto market. Just this week, the platform has earned 8.65 million USD and is likely to continue maintaining its growth trajectory.

Weekly revenue of Pump.fun | Source: DeFiLlamaNotably, amidst a growing wave of interest, Pump.fun has just paid out over 4 million USD in rewards to creators, most of whom are first-time token issuers, according to a statement on the official X account on Monday. This development indicates that the platform is not only maintaining its growth momentum but is also increasingly being widely accepted by the community.

Buying power is increasing

According to data from CoinGlass, the open contract of PUMP has surged to 1.22 billion USD, higher than the 1.08 billion USD recorded on Wednesday. This trend indicates that capital is flowing strongly into the derivative contracts of PUMP, reflecting an increasing interest from traders and implying a growing trend of risk acceptance.

Open contract of PUMP | Source: CoinGlassNot only that, the Taker Buy/Sell Volume indicator also recorded a positive change, with the buying position ratio increasing to 51.79%, compared to 50.01% in the previous 24 hours.

Taker Buy/Sell Volume PUMP Indicator | Source: CoinGlass## PUMP is preparing for a new recovery momentum

As of late Thursday, PUMP recorded a 1% increase, surpassing the short-term resistance level and forming a "bullish flag" pattern on the 4-hour chart. This breakout momentum is paving the way towards the next resistance zone at R1, around the 0.009793 USD mark.

The PUMP/USDT chart on the 4-hour timeframe | Source: TradingViewTechnical signals also reinforce the upward trend: the MACD line is approaching the signal line, indicating the potential for a bullish crossover as selling pressure weakens; meanwhile, the RSI remains firmly above 60, reflecting that buying pressure still dominates.

On the contrary, if the price falls below the 50-period EMA at 0.007165 USD, the breakout scenario will be invalidated. At that point, the PUMP risks retreating deeply towards the 100-period EMA around 0.006134 USD.

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