Pump.fun's PUMP Token Soars on Record Fees, Buybacks

Pump.fun's PUMP token surged 3.6% in the last 11 hours due to record-breaking protocol fees, volume, and buybacks.

The platform earned $10.03 million in protocol fees in a week, surpassing $10 million for the first time, with ecosystem volume around $2.97 billion, the highest since late January.

Buyback and burn numbers were also at an all-time high, reaching about $5.02 million in that same window.

The spike in fees and large buybacks caused PUMP's price to reprice based on stronger-than-expected protocol cash flow and aggressive buybacks.