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Crypto

Pump Fun Frenzy Sends PUMP Crypto Soaring +15% Overnight

Guavy AI Editorial Team
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PUMP
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PUMP crypto has surged by nearly +15% overnight after two weeks of rapid growth. Its daily trading volume has spiked to $506M, up from $420M the day before.

The recent price action is attributed to a surge in reported new token launches on Pump.fun and significant PUMP buybacks. According to DefiLlama, Pump.fun has spent $466.25M on PUMP buybacks, removing 16.84% of the total supply.

This could point to a sustained upward move for PUMP crypto rather than a short-term flip. However, the wider meme-coin market was down -4.2% at a $35.2Bn capitalization, suggesting selective rotation rather than a broad sector bid.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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