Blockchain

PUMP token skyrockets as Pump.fun buys in and backs community favorites

0
  • PUMP token surges 30% as whales and Pump.fun buy in.
  • TROLL hits ATH after gaining CTO status on Pump.fun.
  • Big community token update teased by Pump.fun founder.

Pump.fun’s native token, PUMP, is making headlines again after a remarkable rebound driven by massive whale accumulation, aggressive buybacks, and a bold shift in platform strategy.

Over the past week, PUMP token has surged by 30%, to around $0.00338 at press time, with a daily trading volume exceeding $390 million.

This sharp rise has placed it among the top-performing tokens despite a mostly stagnant broader market.

Whales and buybacks driving the sharp turnaround

After suffering a significant drop post-ICO, PUMP coin is now clawing its way back with renewed strength.

Traders who were previously cautious are now taking notice, especially as whales enter the scene in a big way.

This week, blockchain activity revealed that a major wallet scooped up over 1.06 billion PUMP tokens, amounting to $3.3 million.

This same wallet also opened a leveraged long position with nearly 600 million tokens, signaling a strong belief in the token’s upward potential.

In parallel, Pump.fun itself is pouring resources back into its ecosystem.

According to on-chain data, the platform has bought back PUMP tokens worth over 144,800 SOL to date.

What’s remarkable is that this amount exceeds the platform’s revenue during that period, suggesting a reinvestment rate of more than 102%.

This aggressive buyback has fueled both price action and sentiment.

Pump.fun’s focus on community tokens

While market forces are driving price, strategic changes at Pump.fun are shaping its future.

The platform is moving away from simply generating thousands of meme tokens and toward supporting curated, community-led projects.

At the center of this pivot is a new category called CTO tokens, or Community Takeover Tokens.

These projects receive special recognition, better visibility, and in some cases, a share of platform revenues.

This level of support has enabled some previously underperforming tokens to make a comeback and, in some cases, reach all-time highs.

The most notable example is TROLL, a meme coin that exploded in value after receiving CTO status.

Starting from just $0.02, TROLL rallied to $0.17 following Pump.fun’s endorsement.

TROLL is now the third-largest token on the platform, with a $220 million market cap, closing in on PNUT.

Whale interest in TROLL is also notable, with one top trader reportedly locking in $1.3 million in gains.

Pump.fun founder teases major ecosystem reveal

Alon Cohen, co-founder of Pump.fun, hinted at an upcoming announcement that could further reward community participation.

In a recent post, Cohen promised a “huge announcement coming for organic community coins in the Pump.fun ecosystem this week.”

Though specifics remain unclear, speculation is swirling that the update could introduce incentives tied to trading volume or community engagement.

Given the platform’s recent performance and growing interest from large holders, such an update could further amplify activity.

Notably, Pump.fun has already recovered its dominance in new token launches. Within 24 hours, it created over 15,000 tokens, outpacing rivals like LetsBonk.fun and Bags Tokens.

However, the focus now is clearly on depth over breadth, as the platform prioritizes sustainable, community-fueled growth.

Watching for the next PUMP token breakout

As of now, PUMP token is still far below its all-time high of $0.01214, which it reached just three weeks ago.

However, with increasing buy pressure, visible whale activity, and an evolving ecosystem, many analysts are predicting a potential retest of previous highs.

Influencers like Ran Neuner have already weighed in, stating confidently that “$PUMP is going back above $0.006. Simple.”

Despite early backers continuing to sell, sometimes even at a loss, the current trend suggests that a new wave of buyers is entering the market with conviction.

The shift to supporting community tokens, paired with aggressive buybacks and upcoming incentives, could make this more than just a temporary pump.

As traders wait for the promised announcement, the combination of strong fundamentals, rising interest, and active platform management positions PUMP token as one of the most closely watched tokens in the current cycle.

The post PUMP token skyrockets as Pump.fun buys in and backs community favorites appeared first on CoinJournal.

OM price is down 96%, will the MANTRA, Inveniam partnership help?

Previous article

You may also like

More in Blockchain

Comments

Comments are closed.