The price of Pump Token ($PUMP) increased by 15% in one day, attracting traders’ interest regarding the long-term outlook for this cryptocurrency asset.
Economics of $PUMP Token Growth
Currently, the $PUMP token is trading at around $0.004020, which represents an increase of approximately 15% and a high trading volume of nearly $500 million over the last 24 hours.
Buyback Strategy and Market Impact
The Pumpfun team executed a large buyback totaling $11.645 million, which was the second largest single-day repurchase in the project's history. This move contributed to the price growth and increased community interest. However, sustaining this momentum will require new catalysts and investor confidence.
Predictions for Pump Token
Analysts predict that if the token can break through the $0.00450 level, the next target range will be $0.00480–$0.00500 in the coming weeks. Predictions for 2025 indicate a potential price range of $0.012–$0.015 if the altcoin season heats up.
The price surge of the $PUMP token was a result of an aggressive buyback strategy; however, traders remain cautious in their forecasts, awaiting further developments in the cryptocurrency market.
