- PUMP token surged 15% to $0.0004 on Monday, pushing its market cap to $1.3 billion as Pump.fun reclaimed its position as Solana’s top memecoin launchpad
- Pump.fun now controls 67% of daily meme coin launches compared to rival LetsBonk’s declining share, processing $134 million in trading volume versus LetsBonk’s $12 million
- Derivatives trading shows extreme speculation with futures volume hitting $1.38 billion, exceeding the spot market cap and open interest rising 17.81% to $510.63 million
- Technical analysis reveals a golden cross formation as the 5-day SMA crossed above longer-term moving averages, suggesting continued upward momentum
- The token faces resistance at $0.0042 with potential targets at $0.0048, while support holds at $0.0033 on pullbacks
The PUMP price jumped 15% on Monday to reach $0.0004, bringing its total market valuation to $1.3 billion. This represents the highest price level for the token this month.
The price surge came as Pump.fun regained its position as the leading memecoin launchpad on the Solana blockchain. The platform overtook competitor LetsBonk after several weeks of losing market share.
For more than a year, Pump.fun had maintained its dominance in meme coin creation on Solana. However, data from analyst Adam Tehc’s Dune Dashboard shows this lead weakened in July.
During July, LetsBonk surged to control up to 74% of daily meme coin launches. This marked a shift in the competitive landscape between the two platforms.
By Sunday, the situation had reversed. Pump.fun’s market share rebounded to 67% of the 27,500 meme coins launched that day. LetsBonk’s footprint shrank during this same period.
Trading volume data reflected this change in platform dominance. Pump.fun processed $134 million in trading volume, while LetsBonk handled only $12 million.
Glass Full Foundation Launch
The turnaround began before last week’s announcement of the Glass Full Foundation. This new liquidity injection initiative aims to support high-potential meme coins and their communities.
introducing the Glass Full Foundation
the Glass Full Foundation aims to accelerate the most organic, vibrant, and promising communities in the pump fun ecosystem
GFF will inject SIGNIFICANT liquidity into ecosystem tokens to support our most diehard cults
learn more 👇 pic.twitter.com/vPtXzjZqwZ
— pump.fun (@pumpdotfun) August 7, 2025
The program has added momentum to the platform’s recovery. It has drawn renewed attention from both users and investors to the Pump.fun ecosystem.
Pump Fun Price Prediction
Futures markets show even stronger bullish sentiment for PUMP. According to Coinglass data, trading volumes on PUMP futures contracts increased 168.17% to $1.38 billion.
This futures volume exceeded the $1.26 billion spot market cap at the time of reporting. The data indicates unusually high speculative activity relative to the token’s market size.
Open interest climbed 17.81% to reach $510.63 million. This increase outpaced the intraday price gains, suggesting traders expect continued upward movement.
Liquidation data totaled $1.72 million for the day. Short positions absorbed $1.13 million of these liquidations, highlighting the strength of bullish sentiment.
Technical analysis of the PUMPUSD 4-hour chart shows continuation patterns. A golden cross has formed as the 5-day simple moving average crossed above both the 8-day and 13-day SMAs.
Price Targets and Support Levels
The Relative Strength Index cooled from an intraday high of 70.2 to 62. This easing of overbought conditions occurred without breaking the upward trend structure.
The 13-day SMA at $0.0033 provides immediate short-term support for the token. Resistance appears near the $0.0042 level, which caps current upside attempts.
A decisive close above $0.0042 could open a path toward retesting the $0.0048 level. Conversely, a break below $0.0033 would shift focus to the $0.0030 support zone.
The token continues to trade above the 5-day SMA despite mild pullbacks on shorter timeframes. This pattern suggests the current rally remains intact.
On Tuesday, PUMP extended its gains with an additional 5% increase at press time. The token is forming a rising wedge pattern on the 4-hour chart, which traders are monitoring for potential breakout signals.