Pump.fun’s Massive Buyback Sends PUMP Token Soaring to New Heights

• PUMP surged 29% to $0.0044 following Pump.fun’s largest weekly buyback of $12.19 million, reducing circulating supply by 5.36%.

• Project Ascend introduces Dynamic Fees V1, potentially allowing creators to earn 10x more while reducing costs for smaller launches.

The PUMP token of Pump.fun has surged up by 29% over the last week to reach $0.0044 as the platform conducted the biggest weekly buyback in its history. The $12.19 million buyback between August 28 and September 3 was 98.23% of the weekly revenue on the platform, which reflects aggressive capital deployment into token scarcity. This most recent buyback puts the total purchases at about $72 million, and the supply in circulation has decreased by 5.36% since the program was started.

Moreover, recently Pump.fun has introduced Project Ascend to redesign its fee structure. The program presents a new tiered system called Dynamic Fees V1, which lowers the initial fees on smaller launches and lowers the overall costs of long-term creators. This model might allow creators to make 10x more in the long run and focuses on incentivizing active projects on the platform.

What Next For Pump.fun (PUMP) Price?

The 4-hour chart shows that PUMP has entered the strongly bullish territory after the announcement of the buyback. Price action indicates a clear upward movement above the 50-day EMA at $0.003694 and the 200-day EMA at $0.003439, which indicates that a golden cross has occurred, which typically indicates long-term upward momentum.

The RSI indicator of 66.63 indicates that there is healthy bullish movement without going overbought, which means that it can continue to increase. The fact that the RSI is above 60 and on an upward trend justifies further purchasing pressure. Most remarkably, the sentiment indicator records strongly positive values, whereby the green bars prevail in the recent sessions, indicating optimism in the market regarding the buyback program.

The MACD histogram shows positive momentum that is increasing, the MACD line crosses over the signal line, and both are moving upwards. Such a technical arrangement is usually followed by long rallies, especially where it is backed by such basic catalysts as aggressive buyback programs.

The price structure shows a distinct break above the past resistance of around $0.0035, and the token is now forming new support above the key moving averages. The volume profile indicates institutional accumulation, which is probably caused by systematic token purchases on the platform.

As Pump.fun retains 77% market share of the Solana meme coin launchpad ecosystem and the new Project Ascend dynamic fee structure improves creator economics, the underlying narrative justifies further price growth. Technical indicators are also bullish, and PUMP may hit the resistance zone of $0.0048-$0.0050.

The confluence of aggressive buybacks that lower supply, solid platform fundamentals, and positive technical positioning makes the argument of long-term upward movement strong. Traders, however, must note RSI levels of around 70 as a possible consolidation in the short term.

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