Pump.fun (PUMP) Price Prediction: Memecoin Platform Token Rallies 34% as Market Share Surges
TLDR
Pump.fun token (PUMP) surged 30-34% over the past week, trading near $0.00348 as it reclaims dominance in the Solana memecoin ecosystem
The platform conducted major buybacks worth $31.3 million, burning 8.74 billion PUMP tokens (2.5% of supply) since August 1 to reduce sell pressure
Pump.fun surpassed rival letsBONK.fun in daily token launches and trading volumes, processing 13,690 token launches on August 6 with volumes exceeding $500 million
Technical analysis shows PUMP in an ascending triangle pattern with potential 15% upside to $0.0038 if it breaks above $0.0035 resistance
Whale holdings increased 25.24% over 7 days while liquidation maps show $1.92 billion in shorts vulnerable near the $0.0035-0.0039 zone
The Pump.fun token (PUMP) has gained 30-34% over the past week, trading near $0.00348 as of August 7, 2025. The rally comes as the Solana memecoin platform reclaims its position as the ecosystem leader.
PUMP’s recent price action shows strength beyond the broader market recovery. The token gained 37% over seven days before settling into consolidation mode around the $0.0035 level.
Despite mild volatility, buying pressure remains strong from both institutional and retail participants. The token continues to attract accumulation even after its recent rally.
Pump.fun recently overtook competitor letsBONK.fun in key metrics for the first time since early July. On August 6, the platform processed 13,690 token launches compared to letsBONK’s 13,392.
Daily trading volumes exceeded $500 million during this period. The platform’s return to market leadership marks a turning point after months of competitive pressure.
User activity has also increased across the platform. New token creation and trading activity both show upward trends compared to previous weeks.
The Pump.fun team conducted major token buybacks worth approximately $31.3 million since August 1. These buybacks resulted in the burning of 8.74 billion PUMP tokens, representing roughly 2.5% of the circulating supply.
Buyback Strategy Reduces Supply Pressure
The buyback program matched or exceeded 100% of protocol revenue for multiple consecutive days. This aggressive approach demonstrates the team’s commitment to token value.
Burning such a large portion of supply helps reduce selling pressure in the market. The strategy signals long-term confidence in the platform’s growth prospects.
The team has shifted focus toward fostering sustainable community takeover tokens. Successful cases like TROLL reached all-time highs after gaining community takeover status.
New community-focused features are being developed to enhance user engagement. The team has teased upcoming updates that may include additional reward programs.
Pump.Fun Coin Price Prediction
From a technical perspective, PUMP trades within an ascending triangle pattern on shorter timeframes. This formation typically resolves with upward price movement when supported by accumulation.
Source: TradingView
Key resistance sits around $0.0035, where previous breakout attempts occurred. A break above this level could target $0.0038, representing approximately 15% upside from current prices.
Whale activity supports the bullish outlook. Nansen data shows top 100 addresses increased their holdings by 25.24% over the past week.
Public figure wallets, often linked to influencers and known traders, jumped 12.38% to hold 601.56 million PUMP tokens. This buying from recognizable market participants adds credibility to the rally.
Source: Coinglass
The derivatives market shows bullish sentiment with the long/short ratio holding above 1.05. More traders are entering long positions than shorts, aligning with on-chain accumulation data.
Liquidation maps reveal $1.92 billion in short positions vulnerable near the $0.0035-0.0039 range. A move above $0.0035 could trigger forced short covering and accelerate price gains.
Source: Coinglass
Long positions currently total $5.48 billion, almost three times the size of short positions. While fewer shorts exist, their concentrated exposure creates potential for rapid price moves higher.
The platform maintains 24% of total supply reserved for community airdrops, valued at approximately $800 million at current prices. However, no immediate airdrop timeline has been announced by the founders.
A mobile app and new community rewards remain under development. These updates could drive additional user adoption and platform activity in coming months.
PUMP remains approximately 45% below its post-initial offering high despite recent gains, leaving room for further recovery if platform growth continues.
The post Pump.fun (PUMP) Price Prediction: Memecoin Platform Token Rallies 34% as Market Share Surges appeared first on CoinCentral.
Filed under: News - @ August 7, 2025 9:26 am