PUMP fell to its lowest price in two weeks while most holders still anticipate a rebound. Traders and treasury desks that keep memecoins on their books face slow on-chain growth, automatic buybacks, and heavy wallet moves. The setup leaves the token vulnerable to both losses and sudden gains.
On-chain growth froze while participant counts held steady. The chain shows steady traffic, but growth stalled after the first week of the month; active addresses climbed and then flattened.
Price sits just above a technical support band. A hold there would let the price settle, while a break would speed the decline. RSI prints lower highs and lower lows, signaling bearish momentum.
The PUMP momentum, keys and lows
103 million PUMP have been repurchased since 15 August 2025, yet sell flow still beats the burn. The project spends part of its fee income to buy coins off the market. From 15 August 2025 onward, the treasury sent back 103 million PUMP and the bid did not lift the market.
Turnover is brisk: the volume-to-market-cap ratio hit 52.5, a level that often precedes sharp swings. This backdrop can amplify moves in either direction. Whale wallets are split between adding and dumping, leaving the next leg unclear and sentiment fragile.
Liquidity and volatility risk remains elevated. High turnover combined with two-way whale flow can gap the price in minutes, magnifying both rallies and selloffs. Buyback effectiveness is limited and depends on protocol revenue. Supply shrinks on paper yet the downtrend persists, and the plan lives only while protocol income lasts, AInvest warns.
Charts are mixed and confirmation hinges on derivatives activity. Defended lows may invite a bounce, but RSI still points down; traders are watching perp volume and open interest for confirmation.
Rival launchpads and fresh meme coins threaten user retention if Pump.fun stalls on features, potentially peeling users away and capping upside.
The balance tilts both ways: constant buybacks and a loyal user base offer a floor, while weak momentum and whale sales leave room for another slide. A verifiable marker is the 103 million PUMP burned since mid-August.
