That “Top 10 Revenue in the Last 7 Days” chart from this morning: pump.fun is in first place with $11.66 million, surpassing Hyperliquid.
The price has also responded: $PUMP 10/3 jumped about +16.5% in one day (0.00538 → 0.00627). As of Sunday noon in Beijing, it’s around 0.0064. Since 9/25, when it was 0.00385, it’s up about +66% over 10 days.
What links revenue and coin price is buybacks:
· pump.fun uses 50% of its revenue to buy back and burn PUMP (announced in April this year, reported by FXStreet, etc.)
· Roughly at 50%, last week’s revenue would correspond to about a $5.8 million buyback; this is my estimate, not an official disclosure
· Total crypto-project buybacks in 2026 are about $640 million, with Hyperliquid and pump.fun accounting for nearly 90% (KuCoin News, compiled by Gokhshtein)
Contract open interest: PUMP perpetuals rose from about $108 million to $134 million (nearly +25% in the past day). The funding rate is 0.005%, which is still fairly mild.
When I wrote about PUMP on 9/30, the price was 0.00580. Since then it’s up about +10%, with the deepest drawdown in between around -12%.
A few key levels: around 0.0062 is the ceiling from repeatedly testing over the past week that it couldn’t break through—this time it held above it. 0.0065 was the 10/3 high. 0.0054 was the 10/3 opening price.
Scenario 1: Hold 0.0060–0.0062—turn the old top into a new base, and the buyback narrative continues to be priced in.
Scenario 2: Drop back below 0.0054—this time the breakout fails.
Revenue first, buybacks are underway—do you think PUMP is still undervalued right now, or has it already priced everything in?
The price has also responded: $PUMP 10/3 jumped about +16.5% in one day (0.00538 → 0.00627). As of Sunday noon in Beijing, it’s around 0.0064. Since 9/25, when it was 0.00385, it’s up about +66% over 10 days.
What links revenue and coin price is buybacks:
· pump.fun uses 50% of its revenue to buy back and burn PUMP (announced in April this year, reported by FXStreet, etc.)
· Roughly at 50%, last week’s revenue would correspond to about a $5.8 million buyback; this is my estimate, not an official disclosure
· Total crypto-project buybacks in 2026 are about $640 million, with Hyperliquid and pump.fun accounting for nearly 90% (KuCoin News, compiled by Gokhshtein)
Contract open interest: PUMP perpetuals rose from about $108 million to $134 million (nearly +25% in the past day). The funding rate is 0.005%, which is still fairly mild.
When I wrote about PUMP on 9/30, the price was 0.00580. Since then it’s up about +10%, with the deepest drawdown in between around -12%.
A few key levels: around 0.0062 is the ceiling from repeatedly testing over the past week that it couldn’t break through—this time it held above it. 0.0065 was the 10/3 high. 0.0054 was the 10/3 opening price.
Scenario 1: Hold 0.0060–0.0062—turn the old top into a new base, and the buyback narrative continues to be priced in.
Scenario 2: Drop back below 0.0054—this time the breakout fails.
Revenue first, buybacks are underway—do you think PUMP is still undervalued right now, or has it already priced everything in?