Foreign media: PUMP approaches the $0.003 mark

According to foreign media, PUMP has risen nearly 20% this week, with its price reaching around $0.0028 and gradually approaching the $0.003 mark. The article argues that this round of rebound is not solely driven by short-term trading sentiment; Pump.fun’s platform fee buyback and burn mechanism is becoming a key factor for the market to reassess the token.

Fee buybacks become the focus

The article notes that Pump.fun uses 50% of its platform fee income for automatic buyback and burning of PUMP, directly linking platform activity with changes in token supply. According to the data in the article, weekly platform fee income is about $10.03 million, of which approximately $5.02 million is allocated for PUMP buyback and burning.

This means that PUMP’s price narrative no longer relies entirely on speculative funds. If platform trading activity remains high and fee income increases, it could lead to more token buybacks and continuously reduce the circulating supply.

Price breaks through previous resistance zone

From the chart, PUMP has broken through the $0.00245–$0.00255 range and climbed above the previous descending trendline that suppressed rebounds. The article believes this change has improved the short-term structure and shifted the market’s attention to a higher round number threshold.

The most closely watched level right now is $0.003. If the daily chart consistently holds above this level, market focus could further shift toward the $0.0035 region. If the price retests and holds the previously broken zone, it will reinforce the structure where resistance turns into support.

Disagreement intensifies near $0.003

However, the article also points out that if the price falls back below $0.00245–$0.00255, the sustainability of this breakout will be questioned, and the area near $0.00235 could once again become a short-term support zone.

Meanwhile, PUMP's recent momentum has clearly strengthened, but the daily RSI is already approaching the overbought region. This usually means buyers are still in control, but short-term volatility or partial profit-taking is becoming more likely.

Overall, foreign media believe that PUMP's recent rally benefits both from improved price structure and support from Pump.fun’s buyback and burn mechanism. Going forward, the key observation point to determine if the rally will continue expanding is whether $0.003 can be broken through effectively.