According to CoinGecko, the project Pump fun [PUMP] ranked second in the list of revenue-generating crypto projects in 2026, earning $322 million. The leader is Hyperliquid [HYPE] with a revenue of $429 million. Together, these two projects account for 22.10% of the total revenue of $3.40 billion recorded in 2026. The main revenues of Pump fun come from token creation and trading fees on the memecoin launchpad.
The recent reduction in the supply of PUMP tokens due to the buyback of 240 million tokens is contributing to their value increase due to scarcity. The price of the PUMP token tested the 50-day moving average at $0.00384 and bounced back. The 20- and 50-day moving averages illustrate a bullish momentum that has been ongoing since early July. After a decline from the local maximum of $0.0054 to $0.0034, a bullish reaction has been observed over the past ten days. The volume index is rising, despite the Chaikin Money Flow (CMF) remaining negative at -0.13. This indicates high intraday volatility, which has prevented buying pressure from ensuring sustainable growth, as seen last month.
The current bullish trend on the daily chart remains intact, as the level of $0.00225, recorded in May, has been successfully surpassed, leading to PUMP token prices at levels not seen since October 2025. On the 4-hour chart, the latest bullish impulses have been used to mark Fibonacci levels, and the range of $0.00325-$0.00371 was tested two weeks ago. Although the bulls were unable to break the local maximum of the range at $0.00464, scalpers may take profits at these levels and wait for a pullback back into the golden zone to buy PUMP.
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