PUMP token jumped 15% on Monday, reaching $0.0004 and a $1.3 billion valuation as Pump.fun regained its position as Solana’s top memecoin launchpad with 67% market share.
PUMP jumped 15% on Monday to $0.0004, valuing the token at $1.3 billion, its highest level this month. The move coincided with Pump.fun reclaiming its position as Solana’s largest memecoin launchpad, overtaking rival LetsBonk after weeks of losing ground.
For over a year, Pump.fun had dominated meme coin creation on Solana. According to analyst Adam Tehc’s Dune Dashboard, that lead slipped in July as LetsBonk surged to control up to 74% of daily launches. But by Sunday, Pump.fun’s share rebounded to 67% of 27,500 meme coins launched, compared to LetsBonk’s shrinking footprint.
Trading volume metrics mirrored the shift in dominance between the two rival projects, with Pump.fun pulling in $134 million versus LetsBonk’s $12 million.
The turnaround predates last week’s unveiling of the Glass Full Foundation, a liquidity injection initiative aimed at supporting high-potential meme coins and their communities. Still, the new program added momentum, drawing renewed user and investor attention.
PUMP Token Derivatives Market Analysis | Coinglass
In derivatives markets, sentiment appears even more aggressive. According to Coinglass, trading volumes on PUMP futures contracts surged 168.17% to $1.38 billion, exceeding the $1.26 billion spot market cap at press time, signalling that the asset is seeing unusually high speculative volume relative to its size.
Open interest rose 17.81% to $510.63 million outpacing intraday price gains, suggesting traders are positioning for continued upside. Liquidations totaled $1.72 million, with shorts absorbing $1.13 million, further emphasizing bullish dominance.
PUMP Price Forecast: Golden Cross Signals Momentum for $0.0005 Breakout
Despite already hitting 15% intraday, technical signals on the PUMPUSD 4-hour chart reflect continuation of the current rally. As seen below, a golden cross has formed as the 5-day SMA overtakes both the 8-day and 13-day SMAs, a technical pattern often associated with sustained uptrends.
As seen below, PUMP price remains above the 5-day SMA despite a mild pullback on the 4-hour chart, a sign the rally is still intact.
PUMP Coin Price Forecast | PUMPUSD 4-Hour Technical Analysis
The RSI cooled from an intraday high of 70.2 to 62, easing overbought conditions without breaking trend structure. The 13-day SMA at $0.0033 offers immediate short-term support, while resistance near $0.0042 caps upside attempts.
A decisive close above $0.0042 could open a path toward retesting $0.0048, while a break below $0.00033 would shift focus to $0.0030. For now, considering the active speculative interest in the PUMP token and positive macro market sentiment, the momentum favors the bulls, with consolidation above short-term support likely before the next leg higher.
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