Pump.fun’s native token, PUMP, saw a strong recovery in late January, coinciding with record activity on the platform that attracted new capital to the Solana-based memecoins.
Pump.fun’s token, PUMP, surged 13.48% in the last 24 hours, pushing its price above $0.00300 to approximately $0.0033. This brought PUMP’s total valuation to approximately $3 billion, with a 24-hour trading volume of $387.75 million.
According to market data, this surge was attributed to Pump.fun registering around 39,000 new tokens on January 27th and experiencing activity across more than 300,000 addresses that same day, driving the price increase and a significant inflow of capital.
Another factor contributing to this growth is that Pump.fun repurchased tokens with the revenue generated, in addition to securing a $3 million fund from a sponsored project. This market activity created the necessary conditions for the increased value.
The future of the PUMP token and memecoins
The outlook seems perfect for memecoins, with many experts describing a new bull run for these tokens as the beginning of a new season. However, not all analyses agree with this view. More than 80% of the launched tokens have fallen by more than 70% of their value, contrary to what is happening with PUMP.
The immediate effect was clearer liquidity and resurgent prices in a subset of Solana’s meme tokens. A prime example is Pippin, which reached a market capitalization of $500 million, and Pengu, which maintained six-figure trading volumes.
Investors and compliance teams will be watching two aspects closely next: whether the platform maintains its buyback cadence and the conversion of revenue into token demand, and how the ongoing legal proceedings unfold. Both will determine whether this liquidity cycle expands into more lasting adoption or ends as a brief speculative episode.
