PUMP Rallies 23% Amid Strong On-Chain Fundamentals

PUMP has surged over 23% in the last 24 hours, breaking through a key supply zone between $0.052 and $0.056 to reach a local high of $0.06041. The rally is supported by sustained revenue on Pump.fun, which has remained above $2 million daily for the past five days, and an active buyback and burn mechanism that removed approximately $1.2 million worth of tokens from circulation in the last 24 hours.