Pump.fun brings in $65.63 million a month, yet PUMP is down nearly 30% in a week—the data Cat Bro has been tracking show revenue and price moving in “opposite directions” 🐱
📊 The numbers:
• 30-day protocol revenue: $65.63 million, nearing Hyperliquid’s $71.05 million
• $29.48 million spent on buybacks over 30 days, averaging about $980,000 per day; 17.2% of the total supply has been burned so far
• Current price: $0.00394, down 8.8% in 24 hours; market cap: about $1.82 billion
⚠️ But three signs point to a slowdown:
1️⃣ Revenue over the past 7 days was $10.5 million, down about 15% from the previous week (DefiLlama)
2️⃣ Buybacks on Oct. 17 totaled only about $450,000—less than half the daily average
3️⃣ About 6.875 billion PUMP tokens unlock in October, which buybacks will need to absorb; futures open interest fell nearly 10% in 24 hours, and funding rates turned negative
🔍 Cat Bro’s take: Buybacks “set a floor”; they don’t “drive a rally.” With revenue falling and tokens unlocking, it’s hard for the price to swim against the tide on its own.
📍 Key levels: $0.0039 below (near today’s low); $0.0042 above (a dense long-liquidation zone and resistance for a rebound).
👉 Do you think PUMP is “undervalued despite solid revenue” or that “buybacks can’t absorb the unlocks”? Cast your vote in the comments 👇
$PUMP $SOL #Pumpfun #链上数据 #altcoins
Personal opinion only; not investment advice.
📊 The numbers:
• 30-day protocol revenue: $65.63 million, nearing Hyperliquid’s $71.05 million
• $29.48 million spent on buybacks over 30 days, averaging about $980,000 per day; 17.2% of the total supply has been burned so far
• Current price: $0.00394, down 8.8% in 24 hours; market cap: about $1.82 billion
⚠️ But three signs point to a slowdown:
1️⃣ Revenue over the past 7 days was $10.5 million, down about 15% from the previous week (DefiLlama)
2️⃣ Buybacks on Oct. 17 totaled only about $450,000—less than half the daily average
3️⃣ About 6.875 billion PUMP tokens unlock in October, which buybacks will need to absorb; futures open interest fell nearly 10% in 24 hours, and funding rates turned negative
🔍 Cat Bro’s take: Buybacks “set a floor”; they don’t “drive a rally.” With revenue falling and tokens unlocking, it’s hard for the price to swim against the tide on its own.
📍 Key levels: $0.0039 below (near today’s low); $0.0042 above (a dense long-liquidation zone and resistance for a rebound).
👉 Do you think PUMP is “undervalued despite solid revenue” or that “buybacks can’t absorb the unlocks”? Cast your vote in the comments 👇
$PUMP $SOL #Pumpfun #链上数据 #altcoins
Personal opinion only; not investment advice.