- Pump.fun (PUMP) gained 33% weekly while the broader crypto market corrected, with Ethereum dropping 5%.
- The Pump.fun team bought back nearly $156 million worth of PUMP tokens in the last seven days, exceeding their revenue for the same period.
- PUMP has broken out of its accumulation zone and ended its downtrend channel according to technical analysis.
- If current momentum continues, PUMP could target the next resistance zone around $0.0040, representing about 15% upside potential.
Date: Wed, Aug 06, 2025 | 06:50 AM GMT
The cryptocurrency market is undergoing a healthy correction after a strong rally that began in Q2, with Ethereum (ETH) seeing a 5% weekly drop — a move that has also pushed major tokens lower.
However, Pump.fun (PUMP) has managed to buck the trend, posting an impressive 33% weekly gain. This bounce is largely attributed to ongoing strong buybacks, which are boosting investor sentiment and signaling potential upside momentum.
Pump.fun Sees Strong Buyback Activity
According to the latest data from Dune Analytics, the Pump.fun team has ramped up its buyback program, purchasing PUMP tokens using revenues generated from Pump.fun/Pump Swap.
In the last seven days alone, they’ve bought back nearly $156 million worth of PUMP tokens — notably more than their revenue over the same period. This aggressive accumulation has provided a strong price cushion and fueled a steady rebound.
Are More Gains Ahead?
From a technical perspective, the 4H chart shows PUMP breaking out of its recent accumulation zone (highlighted in red) after ending its downtrend channel. If the current momentum holds, PUMP could target its next resistance zone around $0.0040 — about 15% above the current price.
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