Pump.fun (PUMP) price prediction is once again in focus as the token rallies over 50% from its August lows.
The rally followed an aggressive buyback campaign for the PUMP token, which purchased 18.3 billion tokens worth approximately $69 million. Data from Dune Analytics shows that these tokens were purchased at an average price of $0.003785 per token.
The PUMP token has faced intense selling pressure since launch and is currently trading 44% below its all-time high level. However, in the ongoing reversal, it has shown strong momentum, regaining the $0.40 mark.
Pump.fun is a meme coin launchpad, and its renewed interest signals that other meme coins could soon gain similar momentum. Two standout meme coins attracting smart money in September are Maxi Doge and Pepenode. One is continuing the legacy of Dogecoin, while the other is introducing the first-ever mine-to-earn program.
$69 Million Buyback Triggers Rally In PUMP
Pump.fun has deployed over $69 million in buybacks from its revenue stream, taking out 18.36 billion tokens from the market. The project has executed daily purchases using its fee revenue.
Source: PUMP
From its July 15th high, PUMP dropped 67%, but over the past 30 days, it has risen by 31%, indicating that the buyback strategy has had a positive impact on its price performance. The platform funds these buybacks with revenue earned from user fees.
Along with the buyback program, network activity has also driven positive momentum in the project. The number of unique addresses has expanded to over 70,800, showing increasing retail participation.
Pump.fun (PUMP) Price Prediction: Can It Reach $0.50 In September?
The Pump token is currently trading at $0.0037 after being rejected from the $0.40 resistance level. In the last 24 hours, it has declined by 0.98% while the trading volume has surged 5.8% to $308.16 million.
Currently, the $0.40 resistance level is the biggest hurdle for the asset, as it has already been rejected twice from this level. Meanwhile, $0.32 is a key support level that protects PUMP’s downside.
PUMP price chart. Image Courtesy: TradingView
Technical indicators are showing bullish signals. The Relative Strength Index (RSI) currently sits at 53, well above the oversold zone, while the MACD has formed a bullish crossover, with the MACD line rising above the signal line. These technical indicators indicate growing buying pressure, which increases the likelihood of further upside in the near term.
Crypto trader Kapoor Kshitiz recently shared on X that Dynamic Creator Fees are now live on Pump.fun. Under this new model, small projects begin with higher fees to support listings and growth, while successful tokens incur lower fees and potentially earn up to 10 times more for creators.
Maxi Doge: Muscling Up Meme Momentum
Maxi Doge has one goal – to outpace its cousin Dogecoin. It is already putting in the work, hitting the gym daily, and trading with 1,000x leverage.
In its ongoing presale, the project has raised over $1.77 million and is trading at an undervalued price of $0.0002555.
With its clean branding, degen mentality, and never-give-up attitude, Maxi Doge is winning over the broader market and garnering a lot of attention from experts. Some are calling it the Dogecoin for the modern era, bringing in the true meme energy and juicy gains at all costs.
The differentiator in the project is that it promises no revolutionary innovation or roadmap, focusing instead on meme lovers who just want to compound their capital faster than other assets with its mind-boggling 1,000x leverage.
MAXI’s presale price is about to increase in 48 hours, and for those chasing massive gains, this could be the last chance at this price.
