PUMP token from Pump.fun surged above $0.003698 with next major resistance near $0.0045. Jupiter accumulated 1.6 billion PUMP tokens worth $5 million, representing 0.242% of total supply and ranking as the 35th largest holder. The protocol is burning 50% of its net revenue, totaling over $430 million in buybacks and more than 16% of total supply destroyed. Daily revenue reached approximately $1.16 million, while negative exchange netflows of $633,730 further tightened available supply. Despite an overbought RSI at 80.41, buyer dominance remains elevated with +DI at 41.24 versus -D at 5.47.
Source: Read the original article

