According to AMBCrypto, Pump.fun defended the $0.003 support level and rose to $0.0033, with a 16.32% daily gain. The price increase was supported by a 40% rise in trading volume and consistent token buybacks by the team, which removed 45.5 billion tokens from circulation. Over the past month, buyers dominated 18 out of 30 days, and the Buy Sell Delta turned positive in December. Exchange holdings of PUMP dropped from 38 billion to 33 billion in two weeks, extending a broader decline since September. The team spent $1.15 million on buybacks in the past day, bringing the total to $195 million. Momentum indicators like the Stochastic Momentum Index and Relative Vigor Index showed improved buyer engagement, suggesting potential for a retest of $0.0037 if accumulation continues.
PUMP Rallies 16.32% as Supply Drops 45.5B Tokens
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