- fun reclaims dominance with $800M revenue despite token weakness.
- Daily revenue rebounds above $1M, restoring confidence in Pump.fun.
- Technical indicators signal bearish momentum as token struggles for support.
Pump.fun has regained a strong foothold in Solana’s meme coin sector, reclaiming 90 percent of launchpad activity after briefly losing ground to LetsBonk. This recovery highlights its first-mover status in terms of meme coin launches in the Solana ecosystem.
Its revenue data indicate continued influence, with the platform earning over $800 million in lifetime revenue mainly from its one percent swap fee. Daily revenue is now above $1 million, a recovery since the meme coin craze in January, when it was at about $200,000.
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Token Performance Remains Weak Despite Recovery
While platform activity is strong, the Pump.fun token has struggled in the market. The token is currently at $0.00296, which is 22 percent lower than last week due to ongoing selling pressure. With a buyback program implemented at a premium to the market price, the dip indicates a conservative investor mood.
A $600 million initial coin offering raised in 12 minutes last month underlines the demand, but it has been difficult to maintain the momentum. The quick rebound in the launchpad’s activity has not yet been reflected in the sustained rally in the token price.
Technical Indicators
According to the latest TradingView data, Pump.fun trades at $0.003126, with tight consolidation between resistance at $0.003939 and support near $0.002722. Bollinger Bands are converging, which is an indicator of low volatility in the near future.
Source: Tradingview
The Relative Strength Index is at 38, indicating that the token is in a bearish momentum region below neutral territory. Given the platform’s strong fundamentals, the price risks were extended due to weakness without a shift in demand.
Pump.fun’s revival has restored its dominance in Solana’s meme coin sector, backed by consistent revenue and user activity. However, its token remains under pressure as bearish indicators point to continued short-term challenges. The contrast between platform strength and token weakness highlights the cautious stance of investors.
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