The price of Pump, a native token for Solana-based Memecoin platform Pump.Fun, has dropped 13.57% in the last 24 hours to trade at $0.003727. The decline has shifted tokens from a high of over $0.00444 to an area low of nearly $0.00371.
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Despite the price drop, pump trading activity remains high. Daily volume rose 24.77% to $692.38 million, but the market capitalization fell to $1.31 billion, with price points. The token volume-to-market cap ratio is 52.5% high, indicating very active trading.
The $31.3 million buyback effort provides context
This recent price movement came to $0.0067, following Tuesday's spike. The Pump.Fun team transferred 187,770 SOL worth $31.3 million to a dedicated wallet for purchasing pumps at an average price of $0.0064.
Related: Pumps are down 15%, but why are traders betting $674 million in the futures market?
The action raised the price by 17% that day. In addition to this massive one-off purchase, the Pump.Fun platform has committed to allocate 25% of all protocol revenues to continuous repurchases. On July 18th, the platform reported daily fee revenue of $968,000.
Recent ICOs and Exchange Lists for Pump Tokens
The pump token was launched with great momentum after raising $600 million through its first coin product, covering 15% of the total supply of tokens. An additional 18% was sold previously during private sales, at a fully diluted $4 billion. The pump price exceeded $0.006 shortly after its launch, but has since been revised.
To expand accessibility, LCX Exchange listed the $Pump/Eur Trading pair on July 18th, with the token deposits opened on the same day. This marked an additional step to expand accessibility tokens.
The new platform features are intended to add utilities
Additionally, Pump.Fun, which gained visibility as the MemeCoin LaunchPad earlier this year, is expanding its protocol capabilities.
Related: Pump.Fun Price forecast for July 14, 2025: Wild reversal follows historic $600 million ICO Frenzy
On Friday, co-founder Alon Cohen introduced a “Community Takeover” feature that allows users to redirect creator fees to contributors to inactive projects. The platform also announced the acquisition of Kolscan, a Solana-based wallet tracker for Onchain Trader monitoring.
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