TradingKey – Rapid growth and aggressive token burns by Pump.fun continue to drive PUMP’s price to new highs.
On Monday, September 15, PUMP experienced a brief pullback, dipping below $0.008 in early trading and currently sitting at $0.0079. Last night, the token surged toward $0.009, marking a new record high.
PUMP Price Chart – Source: TradingView
PUMP is the native token of MEME coin launchpad Pump.fun, which debuted in January last year. Since launch, over 8 million tokens have been created on the platform, fueling a meme coin boom on Solana (SOL).
Much like Hyperliquid (HYPE), PUMP’s success is rooted in ecosystem expansion and continuous token burning. According to data from Jupiter, Pump.fun dominates the Solana token launchpad space with a 90.2% market share — far ahead of competitors like LetsbonkFun and Believe.
Top 10 Solana Token Launchpads – Source: Jupiter
Additionally, fee.pump.fun reports that since the buyback program began on July 15, Pump.fun has repurchased over $94 million worth of PUMP tokens. This has led to a sharp reduction in circulating supply — down more than 6% to date.
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