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PUMP on Pump.Fun: Recovery and Investments

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by Giorgi Kostiuk

an hour ago

Recent developments around the PUMP token on the Pump.Fun platform have led to its recovery, reflecting interest in memecoins and the overall trend in the Solana ecosystem.

PUMP Buyback Strategy

Over the past two weeks, Pump.Fun has bought back nearly $15 million worth of PUMP tokens, pushing its market capitalization back above $1 billion. The renewed demand has lifted PUMP's price by over 32% in the last 30 days.

Pump.Fun Revenue and Trading Volumes Rise

Since August 6, Pump.Fun has made over $1 million in revenue each day, with trading volumes topping $210 million in a single day. This growth highlights its strong position in Solana's memecoin space.

Solana's DeFi Activity Slows

While Pump.Fun grows, the overall DeFi activity on Solana has slowed down. Daily DEX users fell below 1 million for three consecutive days, indicating a concentration of user activity around Pump.Fun.

Overall, despite the slowdown in the DeFi segment, Pump.Fun continues to show resilient growth, indicating strong interest from investors in memecoins.

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