Pump.fun (PUMP) has recovered from $0.0026 today at some point during the session to nearly $0.0030 as the protocol continues to burn millions of dollars every day by using the fees it collects from traders.

According to its website, nearly 12% of the assets circulating supply have been burned forever through this program, amounting to $184 million invested in token burns in total since the launch of PUMP.

Pump fun's total supply offset from $PUMP purchases is nearing 12%

So far, they have purchased $184,434,097 worth of $PUMP pic.twitter.com/WOLH9ywbVD

— Pump Fun News (@PumpfunNewsfeed) November 21, 2025

This Solana-based launchpad for meme coins has maintained its lead in the market over tough competitors like LetsBonk.fun. Data from Jupiter AG indicates that its market share based on daily trading volumes in the past 30 days stood at 53.5%.

However, as market sentiment soured lately, PUMP has been hit with a 21% loss in the past 7 days.

Investors were spooked by hawkish comments from the head of the Federal Reserve, Jerome Powell, after the last FOMC meeting that raised doubts about the central bank’s plans to cut rates for a third time in December.

However, the President of the New York Fed said today that there was still “room for further adjustment”. His comments led to a revision of FedWatch’s odds of a rate cut from 41% to 70% in just a few hours.

This could be a positive signal for cryptos, including PUMP. In addition, the Fear and Greed Index hit its lowest level on record today at 11. When panic gets this bad, it typically means that the market is near its bottom.

PUMP Needs to Rise Past $0.0034 to Make a Comeback

The daily chart shows that the key level for PUMP is $0.0034, as this area acted as support for a while but it has now turned into resistance.

If the market jumps above that mark, we could expect a full blown over the next few weeks, aided by this change in the probabilities of a rate cut by the Fed in December.

The Relative Strength Index (RSI) would have to turn around and jump above the 14-day moving average to confirm such a move. In addition, the 200-day exponential moving average (EMA) will likely meet the price right up there, making it an even more relevant price zone to watch.

In contrast, if the decline continues, the next area of support to watch would be $0.0023, meaning an 18% downside risk from where PUMP is trading today.

As the crypto market potentially prepares for a recovery, top crypto presales like Pepenode ($PEPENODE) continue to attract investors’ interest despite the downturn. This project will soon launch an innovative mine-to-earn (M2E) game and has raised over $2 million to do it.

Pepenode ($PEPENODE) Turns Players Into Miners Without Hardware Investments

Pepenode ($PEPENODE) is an interactive game that lets users mine rewards virtually without spending thousands on expensive equipment.

Players can launch as many mining rigs as they want by buying them with $PEPENODE, and they can also perform upgrades to increase their output.

The project is built around the idea that presales shouldn’t feel passive. Pepenode’s virtual mining setup creates real progression, with stronger nodes producing more rewards and higher-ranked players unlocking extra perks.

In addition, an automatic token burn program will remove 70% of the tokens used for upgrades, reducing supply as activity grows.

Referral bonuses and anti-bot protections make the presale more accessible to regular users, and the mining rewards include popular meme coins like PEPE and FARTCOIN.

To buy $PEPENODE before its next price increase, simply visit the official Pepenode website and link up your wallet.

You can either swap USDT or ETH for this token or use a bank card instead.