PUMP token surged by 23.16% over the past 24 hours, breaking through a resistance zone between $0.052 and $0.056 to reach a new local high at $0.06041. Pump.fun’s platform revenue remained above $2 million for five consecutive days, indicating growing activity. The token buyback and burn mechanism removed approximately $1.2 million worth of PUMP from circulation in 24 hours, representing about 15% of the circulating supply. This combination of rising revenue and decreasing supply is supporting the bullish momentum, with the token currently trading above all key exponential moving averages.
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