PUMP price rises 27% despite 6.88B token unlock

Pump.fun’s PUMP token climbed 27% from its Aug. 8 low as record weekly fees strengthened its buyback-and-burn program, while buyers absorbed volatility around a 6.875 billion-token unlock. Summary PUMP price rose from about $0.0022 to $0.0028 between Aug. 8 and Aug. 13. Pump.fun generated $10.03 million in weekly fees as ecosystem volume reached $2.97 billion. The platform bought and burned 2.15 billion PUMP worth $5.02 million during the week. Daily RSI reached 73.12, leaving the rally vulnerable to short-term profit-taking. PUMP price holds near $0.0028 after 27% rally According to data from crypto.news, PUMP price traded near $0.00279 on Aug. 13 after rising from approximately $0.0022 on Aug. 8. The token briefly reached an intraday high of $0.002895 before buyers and sellers settled around the $0.0028 area. The move gave PUMP a gain of roughly 27% over five days, even after the token encountered profit-taking near $0.0029. Its Aug. 13 daily candle remained 1.34% higher at the time the chart was captured. Price action over the past month shows a wider trend reversal. PUMP recovered from a June low near $0.0012 and broke above a series of lower highs that had controlled the marke...