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PUMP token surges 84% in a week on $1M daily buybacks and strong trading volume

Market News
24 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

The PUMP token from Pump.fun has surged 84% over the past week, reaching $0.005136, while the broader crypto market declined by 1.9%. This rally is driven by the platform's active buyback program, which has spent over $1 million daily repurchasing tokens for three consecutive days, creating strong buy-side pressure. Trading volume also rose 43.68% to $781 million, indicating robust market interest. Key resistance is at $0.0055, with potential moves to $0.0060 and $0.0065 if broken. Pump.fun plans a Q4 2026 tokenomics overhaul that could burn up to 36% of tokens, alongside network expansions and a new decentralized bounty platform in Q3 2026, which may further boost demand and price.

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