Pump.fun's PUMP Surges 30% on Buybacks and Whale Accumulation

Pump.fun’s native token, PUMP, experienced a dramatic 30% price surge within 24 hours, reaching $0.003195 with a market cap of $1.13 billion. The rally followed a recent breakdown and a significant technical breakout above a key resistance level, suggesting a reversal in the token’s bearish trend. This price movement came amid increased whale activity and a newly introduced buyback program, which has drawn attention from traders and analysts as a potential turning point for the token [1].

The buyback strategy, launched by Pump.fun, redirects 100% of the platform’s daily fees—estimated at $210,000—toward repurchasing PUMP tokens. On July 30, a notable $2.16 million was spent on buybacks, further signaling a commitment to boosting token value and investor confidence [2]. This initiative follows a reported 92% decline in platform revenue since January 2025, making the current buyback efforts a strategic attempt to stabilize and grow the token’s valuation.

Large investors, or "whales," have also shown significant interest in PUMP. Whale wallet 8RwxXR reportedly acquired over $1 billion in PUMP tokens, valued at $3.16 million at the time of purchase, reflecting growing accumulation among high-net-worth holders. Additionally, one wallet purchased $68.65 million worth of PUMP within a single day, further supporting the narrative of increased institutional-like buying [3]. These transactions have been interpreted as signals of long-term confidence in the asset, particularly as the token stabilizes near $0.003.

The price rebound was also supported by a technical breakout on July 29, with the token surging above a downtrend resistance line following an 81% decline from its peak of $0.012. This upward shift has contributed to the formation of new price support levels and reinforced the current positive sentiment among investors [4]. Meanwhile, PUMP’s trading volume reached $630.5 million, accompanied by a 38.5% increase in futures open interest, now at $507.55 million [5].

Despite the recent momentum, PUMP has faced downward trends over the past months, and the sustainability of the current rally remains to be tested. Analysts and traders are closely watching whether the price can hold above $0.003 without retracing into the $0.0028 to $0.0029 support zone. While the buybacks and whale activity provide a strong foundation for continued optimism, the broader market’s performance will ultimately influence the token’s trajectory [6].

The PUMP token’s performance has unfolded independently of broader market events, such as Coinbase’s stock decline on July 15, which fell 7% after missing revenue forecasts. This suggests that PUMP’s recent price action is primarily driven by internal factors, including strategic buybacks and institutional-level accumulation [4].

Sources:

[1] AInvest: [Pump.fun Surges 30% as Bullish Momentum Resumes](https://www.ainvest.com/news/pump-fun-surges-30-bullish-momentum-resumes-0-003-2508/)

[2] FastBull: ['Hated Rally' Coming? Pump.Fun (PUMP) Soars 30% From ...](https://m.fastbull.com/en/news-detail/hated-rally-coming-pumpfun-pump-soars-30-from-news_6100_0_2025_3_6149_3)

[3] XT.com: [Pump.Fun (PUMP) Soars 30% From Lows Amid Token Buybacks](https://www.xt.com/en/blog/community-news/2025-08-01T03:25:35.000Z)

[4] Yellow.com: [Coinbase Stock Drops 7% After Q2 Earnings Miss $1.59 ...](https://yellow.com/news/coinbase-stock-drops-7-after-q2-earnings-miss-dollar159-billion-revenue-target)

[5] Facebook: [Why is Pump fun Token (PUMP) Skyrocketing 30% Today? Pump.fun's native token, PUMP, skyrocketed 30% today despite the broader market's downtrend fueled by hype.](https://www.facebook.com/photo.php?fbid=733871249526086&set=a.130****63246274&type=3)

[6] CoinCentral: [Pump.fun (PUMP) Price: Bulls Fight to Hold Critical Support ...](https://coincentral.com/pump-fun-pump-price-bulls-fight-to-hold-critical-support-zone/)