$0.00389972785
Pump.fun (PUMP) has silently become one of the top-performing tokens in the crypto space, as it has doubled its value in 2026 on the back of higher usage and revenues.
In the past 24 hours alone, PUMP has gained 17% and has successfully risen past our latest target of $0.0032.
Trading volumes have shot up by 36%, nearing $400 million and accounting for almost a quarter of the asset’s circulating market cap as buying pressure continues to rise.
A massive short squeeze exceeding $4 billion was triggered by the release of a new set of rules for the crypto market by the U.S. Securities and Exchange Commission (SEC).
Even though PUMP has already been rallying ahead of this news, an improvement in the market’s overall sentiment toward the crypto space has contributed to pushing the token toward higher levels.
In our previous Pump price prediction, we highlighted that the protocol’s revenue had been on an uptrend for two months in a row, including this one.
A simple run rate of the current $32.5 million that Pump.fun has collected in August points to a total of $45 million by the end of the month, meaning a 36% increase compared to July.
This is the result of higher usage of the project’s launchpad and could be aided by increased demand for its recently launched trading interface and mobile app.
If this is indeed the beginning of a bull market for cryptocurrencies, Pump.fun could continue to surge in the next few months. Right now, with projected annual revenues of around $480 million, the token’s valuation sits at just 4x.
Token holders benefit directly from this spike in revenues, as Pump.fun uses half of its protocol revenue to burn PUMP. Thus far, since the program was launched, $433 million worth of this token has been taken out of circulation, meaning around 16% of the asset’s current supply.
The last time that revenues surpassed the $40 million mark, back in September 2025, PUMP rallied to around $0.0087.
If this metric continues to rise and demand increases during what seems to be the beginning of a bull market for cryptos, we could see the token reaching these highs again, meaning a 107% upside potential.
Heading to the daily chart, we can see that PUMP already hit our latest target of $0.0032, yielding a 6x return since we first shared this trading opportunity a few weeks ago.
PUMP was one of the first assets to break past its 200-day exponential moving average (EMA). Typically, this technical breakout tends to mark the beginning of a bull market.
Since this is a widely followed indicator, a move above it can result in a self-fulfilling prophecy as buyers pile up to position for the continuation of this uptrend.
The vertical nature of this rally and the fact that the Relative Strength Index (RSI) has already hit overbought territory increases the odds of a pullback. We see PUMP dropping back to around $0.0035 if that happens.
Such a decline would give late buyers a chance to position again for the continuation of this uptrend, now eyeing the $0.0051 area as the nearest target for PUMP.
Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.