Solana Eco-appliance Pump.fun's token PUMP is prominent in the encryption market on Monday, with a single-day increase of more than 8 per cent, ranking first in 100 coins before market value. At one point, it rose to $0.003 and then fell around $0.002933, a cumulative increase of about 90 per cent over the past month.

The overall encryption market increased by about 1.1 per cent that day. The Fear and Greed Index 39 shows that market sentiment remains cautious. The rate of 44 for the Yamamoto season means that funds are still more concentrated in bitcoin, and many of them are generally flat. Against this background, the growth of PUMP has been given greater attention.

Price breakthroughs with a stronger trend

PUMP went down to US$0.001491 in July and gradually rebounded and nearly doubled. It was reported that the 50-day average moving index has been penetrating the 200-day mean moving index, which forms a “gold cross” and is usually seen as a signal that short- and medium-term kinetic energy is stronger than the long-term average.

At the same time, the ADX indicator, which measures the intensity of the trend, reports 45.3, the relative strength and weakness indicator RSI is 51.4, which is on the middle line but has not yet entered common overheating areas. In combination with price performance, the current increase is not a mere quick rebound, and market dynamics continue.

Increase in demand for repurchase of agreed income

One of the central drivers of this round is the continued high revenues of the Pump.fun platform. DefiLlama data show that revenues from the agreement amounted to $115.2 million in the past seven days, with a new high of $10.3 million per week on 11 August.

  • Nearly seven days of agreement revenue was $115.2 million.
  • The equivalent amount of repurchase destruction was approximately $5.37 million.
  • 11 August single week income amounted to $1.03 million

Of this amount, approximately $5.37 million went to PUMP holders through repurchase and destruction mechanisms. This mechanism translates the revenue from protocol fees into token purchases and reduces the volume of traffic, so that price movements are more directly supported by fundamentals.

The durability of the contract goes up.

Data from the derivatives market also indicate that funds continue to enter. The Coinglass data show that the balance of the PUMP perpetuity contract rose to $238.42 million, above the level of approximately $189 million two weeks ago, when the token was still being tested in the vicinity of $0.0025.

Prices rise at a parallel pace with unwinded volumes, which usually means that new funds are available, rather than simply refilling them. At the same time, the financial rate has shifted to a positive one, indicating a willingness on the part of the levers to pay the costs to maintain the position, and the market has become more emotional.