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Pump.fun's PUMP token hits resistance near $0.0053 after 20% rise; $467M worth burned so far

Protocol Fundamentals
28 Sep 2026
Tokenpost
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Bullish
Pump.fun's PUMP token hits resistance near $0.0053 after 20% rise; $467M worth burned so far

Pump.fun's PUMP token recently faced resistance near $0.005287 after climbing about 20% from $0.0045, with the price retreating to around $0.004881. The platform has executed cumulative buybacks and burns totaling $467.12 million, permanently removing 168.65 billion PUMP tokens, or 16.865% of the total supply. This buyback-and-burn program uses 50% of net revenue from Pump.fun's services to purchase PUMP on the open market and burn them via an irreversible smart contract locked for one year. While PUMP holders do not receive dividends or profit shares, the mechanism aims to reduce supply and potentially support token value. The immediate market test is whether PUMP can hold above $0.0045 after retreating from resistance.

PUMP trades at Rp85 on Pluang, down 7.17% as of Sep 29, 2026 09:12 WIB, with a market cap of Rp39.74 trillion and 24-hour volume reaching Rp9.92 trillion. The token's circulating supply on Pluang is 465.6 billion out of a total 1 trillion, representing 47% of total supply, while sell orders dominate at 72%. This trading activity provides current market context to Pump.fun's recent price resistance and buyback efforts.

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