PUMP token jumps 8.26% to $0.002933 after protocol revenue hits $10.03 million weekly high, signaling technical strength.
Solana-based meme token PUMP led top 100 cryptocurrencies with an 8.26% gain, trading at $0.002933 after peaking intraday at $0.003000. The rally follows a 90% monthly increase from its July low of $0.001491.
Protocol revenue on Pump.fun reached a weekly record of $10.03 million on August 11, while the broader crypto market rose 1.1%. A golden cross—where the 50-day EMA crosses above the 200-day EMA—has formed, historically signaling bullish momentum.
Bitcoin dominance remains elevated, with the Altcoin Season Index at 44, indicating cautious sentiment despite PUMP’s outperformance.