PUMP Price News: Pump.fun on-chain activity surges, PUMP has increased by approximately 30% over the past 7 days
PUMP price recently broke above the 20-day moving average, sparking market attention on a potential rebound in Meme coin行情. Amidst a generally weak overall crypto market sentiment, PUMP still saw a slight increase of 1.3% within 24 hours, with the latest price around $0.00249. Over the past 7 days, it has risen approximately 30%, but the monthly chart remains down 17%, retracing nearly 71% from the September high of $0.00881, and is still in a deep correction zone.
Along with the price rebound, trading activity for PUMP has significantly increased. Spot trading volume in the past 24 hours reached $182 million, up 30% week-over-week, indicating that this is not merely a low-liquidity lift. Data from CoinGlass shows that PUMP futures trading volume also grew 29% to $101 million, with open interest slightly rising to $64 million. The derivatives market sentiment has improved, but there has been no aggressive leverage behavior.
The core driver of this rebound comes from a notable increase in on-chain activity on Pump.fun. Data from Dune Analytics shows that on December 6, the platform’s daily trading volume surged to $116 million, well above the previous range of $60–80 million. Daily active addresses rebounded to over 135,000, and the protocol’s 24-hour revenue reached $2.67 million, setting a multi-month high on-chain engagement.
From a long-term perspective, Pump.fun’s revenue capacity remains strong. The platform projects annual revenue close to $1 billion in 2025, with over $200 million already used for PUMP token buybacks, removing about 10% of the circulating supply from the market, providing some deflationary support for PUMP’s price. However, the platform faces potential litigation risks up to $500 million, along with controversy over “high exit scam rates,” which introduce uncertainty into the project’s fundamentals.
On the technical side, PUMP remains generally bearish to neutral. The RSI has risen to around 50, indicating short-term momentum recovery, but Bollinger Bands have not expanded significantly, and a trend reversal has not been confirmed. Key support is near $0.0020, with resistance concentrated in the $0.0026–$0.0030 range. If it cannot effectively hold above the 20-day moving average, this rally is more likely to be viewed as a rebound rather than a trend reversal.
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