Pump.fun breaks out thanks to the lively meme coin wave, with revenue surpassing $2.3 million

Pump.fun (PUMP) is experiencing a strong recovery, holding above $0.003 at the time of writing on Wednesday, significantly outperforming major coins like Bitcoin (BTC), which is fluctuating sideways within the range of $88,000 to $90,000.

Pump.fun Revenue and Fees Surge as Price Rises

Revenue from the launchpad platform and meme coin trading on Pump.fun has seen impressive growth, reaching $2.32 million on Monday, compared to $2.02 million on Sunday and $1.18 million last Thursday. After a dip to $869,000 on 1/3, total revenue quickly rebounded above $1 million on 1/5.

Pump.fun Revenue | Source: DefiLlama Transaction and meme coin launch fees also exploded, increasing over 21%, to $5.4 million on Monday, from $2.7 million on Thursday. This figure reflects the growing appeal of meme coins, becoming an attractive alternative for investors compared to major crypto assets.

Pump.fun Fees | Source: DefiLlama The revenue and fees collected not only strengthen Pump.fun’s operations but also support the token buyback program. A significant portion is used to reduce circulating PUMP supply, while the rest funds staking rewards, creating a sustainable value cycle for the community.

Technical Outlook: PUMP Targets Higher Levels

PUMP remains firmly above the nearest support level of $0.003, reinforced by strong technical indicators and positive trader sentiment. The Relative Strength Index (RSI) is currently above 60, indicating that the short-term momentum still has strength.

Daily PUMP/USDT Chart | Source: TradingView The MACD line is above the signal line, encouraging investors to hold and capitalize on growth opportunities, while also pushing PUMP toward higher levels. Bullish pressure is expected to intensify as green bars expand above the 0 mark. Conquering the next resistance at $0.00339 – a level tested in early December – will pave the way for PUMP to reach $0.004.

However, investors should remain cautious of profit-taking risks, macroeconomic volatility, and geopolitical tensions, which could push the price below $0.003. EMA lines are expected to provide solid support: the 100-day EMA at $0.00293 absorbs selling pressure, while the 50-day EMA at $0.00260 acts as a strong support station.

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