Pump.Fun is an on-chain token issuance platform running on the Solana network, focused on lowering the barriers for issuing Meme coins. Users can deploy their own tokens and list them for trading with a single click, without any programming required, and all transactions and fund flows are automatically executed by smart contracts.
PUMP is the native token of the platform, representing the core operation of the entire Pump.Fun ecosystem, used to incentivize creators, participate in governance, and distribute profits.
On July 15, 2025, PUMP will be launched simultaneously on Gate and several other mainstream exchanges for spot trading. Users can buy and sell using currencies such as USDT and SOL, with participants from all over the world.
At the initial stage of the launch, market sentiment was high, and the PUMP spot price quickly surged, rising from the public offering price of 0.004 USD to a maximum of 0.006199 USD. As of now, the price has stabilized around 0.0058 USD.
Figure:https://www.gate.com/trade/PUMP_USDT
According to the Gate market chart, PUMP is currently in a high-level consolidation phase. The 15-minute K-line shows that after the breakout, there is strong support for the price, maintaining a short-term upward trend.
The 24-hour trading volume has reached 220 million USD, with active liquidity and good trading depth. From the perspective of short-term technical indicators, both MA5 and MA10 are showing an upward trend, with short-term support at 0.0055 USD and resistance at 0.0062 USD.
It is worth noting that the PUMP team initially injected about 4 million dollars as base liquidity, with most of the liquidity coming from community users’ voluntary contributions. According to BlockBeats, as of now, PUMP’s total chain liquidity has surpassed 50 million dollars, making it a typical “community-driven token.”
This mechanism enhances the decentralized characteristics of PUMP on the one hand and exacerbates market volatility on the other. Liquidity contributors mainly participate by adding LP on-chain and can earn additional incentive rewards.