It’s the 92nd edition of the Gems Corner, and today we will be looking at Pump Fun’s comeback and streamer’s narrative, alongside other alphas.
The PUMP token recently broke an all-time high (ATH) in price, putting doubters in disbelief. If you’d recall, PumpFun’s token sale back in July was one of the most controversial this year.
Mainly because some perceived it as another VC extraction game, while others saw it as the team pulling the biggest extraction heist. But a few months down the line, the team proved they’re here to stay by continuously shipping and deploying new strategies.
Key Catalysts Behind the Rally
1. Pump.fun implemented an aggressive buyback programme. So far, they have poured nearly $95 million into buying back $PUMP tokens, reclaiming about 6.6% of its circulating supply.
Currently, they’re buying back their token at a daily rate of around $1.3M–$2.3M, which creates consistent demand for their treasury and positively influences the token performance.
2. There’s no better marketing than a good token price. PUMP’s token saw a surge in 24-hour trading volume lately, exceeding $1B for the first time.
3. The relaunching of Pumpfun’s livestream feature. Last year, the platform had to shutdown its livestream feature that was initially introduced. This was due to abuse from some users by streaming harmful contents. Around Q2 this year, they relaunched it with new guidelines, and policies.
Pumpfun’s livestream is exploding with lots of attention and streams, mainly due to its attractive incentive model. They’re giving 50% of platform revenue to creators and 0.05% of trading volume in SOL per token transaction.
To qualify, a token must meet at least one of these criteria: newly minted on Pumpfun, still trading via Pumpfun’s bonding curve, or already “graduated” to PumpSwap.
Pumpfun’s 24-hour revenue just flipped that of Hyperliquid, and their creators have earned more than $20M in the past 7 days. It has gradually become the narrative of the moment. And creators are jumping on the platform’s streaming in numbers to get a piece of the pie.
Take advantage while it lasts.
Coinbase hints on another token
There have been rumors for a while about Coinbase exploring another token, but their recent announcement clarified the air. This is a huge news for traders and airdrop farmers.
If you haven’t been paying attention to Coinbase and Base ecosystem before, now is the time. Bridge some funds to Base and start exploring.
You can start with:
Coinbase
Base
Farcaster (follow me there)
Zora
Virtuals
The storm is coming. Stay posistioned.
Alpha Bites and Tweets
That’s a wrap.
Thanks for reading!
Viktor DeFi.
PS: I’d love to hear your feedback and comments.