The meme coin creation platform Pump.fun based on Solana is stirring up a new wave in the crypto market. With its brand new "dynamic creator fee model", the platform has generated $5.73 million in protocol fees in the past 24 hours, surpassing many established DeFi protocols, second only to Tether and Circle. This breakthrough has not only boosted network activity but also directly ignited demand for the native token PUMP, laying the foundation for further price advancement.
Protocol fees skyrocket: PUMP leaps to the forefront of the industry
(Source: DefiLlama)
According to DefiLlama data, Pump.fun's protocol fees reached $5.73 million in the past 24 hours, making it the third-ranked crypto protocol in terms of fees on the entire network, trailing only behind the two major stablecoin giants Tether and Circle.
This growth is attributed to the dynamic fee V1 model launched in the "Project Ascend" plan—this mechanism automatically adjusts fees based on the market value of new Tokens:
When the market value is low: charge a higher creation fee
After market capitalization growth: costs gradually decrease
This design effectively increases platform revenue while encouraging creators to focus on promoting Token market value growth.
On-chain and market data: Bullish signals are clear
(Source: Santiment)
The implementation of the new fee model has significantly boosted network activity and driven demand for PUMP Token.
Current price: 0.004204 USD (24 hours +10%)
Trading Volume: 354 million USD (+13%)
The simultaneous rise in price and trading volume indicates that the buying power is expanding, and market confidence in the upward trend is strengthening.
On the technical side, the PUMP price continues to operate above the 20-day Exponential Moving Average (EMA), which is located at $0.003482, and has become a strong short-term support. When the price stabilizes above the 20-day EMA, it usually indicates strong short-term momentum, with bulls in control.
Technical Analysis: Bullish Targets and Key Price Levels
(Source: Trading View)
If the buying momentum continues, the first upward target for the PUMP is at 0.004572 USD. After breaking through, it is expected to aim directly for 0.005177 USD, refreshing the recent high.
However, if the market experiences profit taking, the price may retreat to $0.004027, or even test the support near the 20-day EMA.
The current upward momentum of PUMP is not merely a speculative hype, but is driven by fundamental improvements brought about by innovations in the protocol fee model. The dynamic fee mechanism has not only increased platform revenue but also enhanced the actual demand for PUMP, creating a positive cycle of "revenue-demand" that provides ongoing support for the price.
As the market's acceptance of new models increases and more creators participate, PUMP is expected to challenge the 0.005 USD mark in the short term and solidify its leading position in the Solana ecosystem meme coin track.
Conclusion
Pump.fun has achieved dual growth in protocol revenue and token demand through an innovative fee structure. Current technical and fundamental signals both point to a bullish advantage. If trading volume and buying pressure continue to expand, PUMP may usher in a new round of breakout momentum. For investors focused on the Solana ecosystem and high-growth potential tokens, PUMP is undoubtedly one of the key focuses worth attention in the recent period.
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The PUMP fee model innovation has sparked a trading frenzy, aiming for a new high of $0.005.
The meme coin creation platform Pump.fun based on Solana is stirring up a new wave in the crypto market. With its brand new "dynamic creator fee model", the platform has generated $5.73 million in protocol fees in the past 24 hours, surpassing many established DeFi protocols, second only to Tether and Circle. This breakthrough has not only boosted network activity but also directly ignited demand for the native token PUMP, laying the foundation for further price advancement.
Protocol fees skyrocket: PUMP leaps to the forefront of the industry
(Source: DefiLlama)
According to DefiLlama data, Pump.fun's protocol fees reached $5.73 million in the past 24 hours, making it the third-ranked crypto protocol in terms of fees on the entire network, trailing only behind the two major stablecoin giants Tether and Circle.
This growth is attributed to the dynamic fee V1 model launched in the "Project Ascend" plan—this mechanism automatically adjusts fees based on the market value of new Tokens:
When the market value is low: charge a higher creation fee
After market capitalization growth: costs gradually decrease
This design effectively increases platform revenue while encouraging creators to focus on promoting Token market value growth.
On-chain and market data: Bullish signals are clear
(Source: Santiment)
The implementation of the new fee model has significantly boosted network activity and driven demand for PUMP Token.
Current price: 0.004204 USD (24 hours +10%)
Trading Volume: 354 million USD (+13%)
The simultaneous rise in price and trading volume indicates that the buying power is expanding, and market confidence in the upward trend is strengthening.
On the technical side, the PUMP price continues to operate above the 20-day Exponential Moving Average (EMA), which is located at $0.003482, and has become a strong short-term support. When the price stabilizes above the 20-day EMA, it usually indicates strong short-term momentum, with bulls in control.
Technical Analysis: Bullish Targets and Key Price Levels
(Source: Trading View)
If the buying momentum continues, the first upward target for the PUMP is at 0.004572 USD. After breaking through, it is expected to aim directly for 0.005177 USD, refreshing the recent high.
However, if the market experiences profit taking, the price may retreat to $0.004027, or even test the support near the 20-day EMA.
Technical Observation Highlights:
Upside resistance: $0.004572 → $0.005177
Downward support: $0.004027 → $0.003482 (20-day EMA)
Investor Perspective and Market Outlook
The current upward momentum of PUMP is not merely a speculative hype, but is driven by fundamental improvements brought about by innovations in the protocol fee model. The dynamic fee mechanism has not only increased platform revenue but also enhanced the actual demand for PUMP, creating a positive cycle of "revenue-demand" that provides ongoing support for the price.
As the market's acceptance of new models increases and more creators participate, PUMP is expected to challenge the 0.005 USD mark in the short term and solidify its leading position in the Solana ecosystem meme coin track.
Conclusion
Pump.fun has achieved dual growth in protocol revenue and token demand through an innovative fee structure. Current technical and fundamental signals both point to a bullish advantage. If trading volume and buying pressure continue to expand, PUMP may usher in a new round of breakout momentum. For investors focused on the Solana ecosystem and high-growth potential tokens, PUMP is undoubtedly one of the key focuses worth attention in the recent period.