PUMP extended gains with a 10% price surge over the past 24 hours, driven by heightened platform activity on Pump.fun and increased capital flowing into meme coins. Trading volume for the network rose 8.89% to $179.28 million during the period.
Platform metrics show substantial engagement. In the last 24 hours, Pump.fun's network revenue reached $761,000 while active addresses climbed to 86,000. Both metrics recorded significant spikes according to available data. The Altcoin Season Index stood at 49, indicating growing investor appetite for riskier assets across crypto markets.
Network Activity Supports Rally
Increased launch activity on Pump.fun is driving platform usage and demand within its ecosystem. The Holder Rewards program, which began enrollment on September 12th, has contributed to network revenue gains since its launch.
The token is trading above key exponential moving averages on daily charts, suggesting continued buyer dominance. PUMP is approaching its $0.005 local resistance level, a key technical test point for the ongoing recovery.
Technical Outlook
A sustained move above the $0.005 resistance could strengthen the bullish structure and potentially open the way for further gains. Conversely, failure to break above this level could trigger profit-taking following the token's recent 10% daily advance. Rising volume and stronger platform activity continue to support the current recovery.
