Pump.fun's PUMP Token Up Double Digits Following Binance.US Listing
Pump.fun's PUMP token has surged by 13% within 24 hours and 39.8% over the week, now priced at $0.0053, nearing its debut price of $0.0055. This increase follows its listing on Binance.US and subsequent updates to its token launchpad, allowing the platform to regain market share after strong competition from LetsBonk. The platform has reported a buyback of 11,785 tokens, equating to $2.5 million, utilizing its revenue. Overall, Pump.fun has bought back $99.2 million worth of its tokens, contributing to its daily revenue climbing back to levels not seen since May, including a peak of $2.28 million in late August and $1.5 million recently. Additionally, tokens on the Pump.fun platform have increased, bolstered by a $1.7 million initiative called the Glass Full Foundation. Although some individual tokens within its ecosystem have fluctuated, the PUMP token's recovery indicates strong market confidence, as it regains its position in the competitive landscape of meme coins.
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