Pump.Fun Price News: PUMP Rises 13% Weekly Fees Rise to 4-Month High

Pump.fun’s native asset, PUMP, has gone up by 13% in the past 24 hours alone, while the token has booked a 40% gain since the year started, as memecoins seem to be making a comeback.

The protocol’s activity has been surging in 2026, as top tokens like Bonk (BONK), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) have performed quite positively.

Pump.fun Weekly Fees – Source: DeFi Llama

Data from DeFi Llama shows that Pump.fun had its best week in terms of fees since September last year. According to the crypto analytics firm, the protocol brought in nearly $24 million in fees last week.

The last time fees were this high, PUMP traded at around $0.0034, which is 17% higher than the current price. That said, this uptrend was only getting started, as PUMP quickly rose to $0.0074 just a few weeks after.

Pump.fun Affirms Its Lead in Launchpad Market with 68% Market Share

This renewed hype on memecoins seems to be catapulting Solana’s price as well, as the native asset of the smart contracts platform, SOL, has jumped by 18% as well in 2026.

Pump.fun has managed to maintain its lead in the memecoin launchpad market with a 68.3% market share. Its closest rival is Meteora, with a much lower 17.6% share, while a promising newcomer, LetsBonk.fun, faded into oblivion after the protocol stopped rewarding creators.

Pump.fun (PUMP) Token Burn Program – Source: Official Website

Another factor that contributes to boosting the price of PUMP is its ongoing token burn program. According to its official website, the protocol has taken advantage of this spike in fees to buy a higher number of tokens.

They increased the size of their daily purchases from around 370 million PUMP two weeks ago to 666 million tokens as of yesterday, bringing their total purchases to nearly 19% of the asset’s circulating supply.

Trading volumes for PUMP in the past 24 hours have increased by 28% to $346 million. This figure accounts for more than a third of the token’s circulating market cap and reflects that buying pressure is rising rapidly.

The number of PUMP holders has also jumped since the year started, from around 110,000 to 113,000 at the time of writing.

PUMP Eyes $0.0035 After Major Trend Line Resistance Breakout

The daily chart shows that the price has broken above a key trend line resistance that had acted as a ceiling multiple times in the past.

PUMP/USD Daily Chart (Coinbase) – Source: TradingView

This is a relevant price action signal that could mark the beginning of PUMP’s next leg up. For now, the most relevant target for the token is the $0.0035 level, an area that acted as support in previous instances.

If the price moves above this level, that would confirm a full-blown trend reversal and could set the stage for the beginning of a bull market for the token. The next two targets in that case would be $0.0053 and $0.0072 if the rally continues.

The Relative Strength Index (RSI) favors a bullish outlook too, as it has been on an uptrend since December 26, back when it broke above the 14-day moving average.

This means that positive momentum is strong. Meanwhile, since the oscillator is still a bit far from hitting “overbought”, there’s still enough runway for PUMP to break past these areas of resistance.

Is PUMP a “canary in the coal mine” for meme season?