【Old Chives Watch】
$PUMP Today it suddenly started accelerating.
Current price: $0.00512
It’s up 16.6% over the past 24 hours, and the trading volume jumped straight to around $340 million.
This time it’s not just relying on calls. Pump.fun is now continuously using a portion of its platform revenue to buy back and burn PUMP.
So far, about 16.79% of the initial supply has already been burned.
On September 26 alone, it burned 11.9K SOL, about $1.46 million.
And it hasn’t been just one-time burn over the past few days:
On September 25 it burned about 209 million PUMP;
On September 24 about 212 million;
On September 22 about 191 million.
On one side, there’s platform revenue; on the other, continuous buyback and burn.
Entry: $0.00475–$0.00525
Take profit: $0.00550 / $0.00640 / $0.00680 / $0.00800
Stop loss: $0.00435
$0.00540 was the previous high.
If it continues to break out with increasing volume, the next target is $0.006, and above that is the prior high zone.
For a coin like PUMP, the most important thing isn’t the story—it’s whether Pump.fun itself can keep making money.