Pump. enjoyable (PUMP) token stole the limelight in August, outshining a number of extra established and higher-valued cash.
PUMP is PUMPing
The official utility coin of the Solana (CRYPTO: SOL)-based meme coin launchpad practically doubled in worth during the last month. Alongside the best way, it clawed its method again to a $1 billion market capitalization.
In truth, PUMP was the second-best performer in August amongst cash with at the very least $1 billion in market worth.
A Monetary Occasions report revealed that Pump.enjoyable was among the many cryptocurrency initiatives that spent giant quantities shopping for again their very own tokens in 2026.
Token buybacks often shrink circulating provide, creating deflationary strain.
This transfer, mixed with a broader rotation into launchpad and memecoin infrastructure tokens, doubtlessly acted as a bullish catalyst.
| Cryptocurrency | 30-Day Positive aspects +/- | Worth (Recorded at 11:00 p.m. ET) |
|---|---|---|
| Pump.enjoyable | +99.66% | $0.004496 |
| Ethereum | +31.57% | $2,465.87 |
| XRP | +28.15% | $1.37 |
| Bitcoin | +23.81% | $78,463 |
| Dogecoin (CRYPTO: DOGE) | +18.39% | $0.08288 |
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PUMP Leaves Bitcoin, Ethereum in the Mud
PUMP was launched in July of final yr and shortly jumped to an all-time excessive of $0.01214. Since then, the token has plummeted 63%.
Pump.enjoyable was on the coronary heart of the Solana meme coin mania in 2024, spawning a number of cash like PNUT, Fartcoin (FARTCOIN), and MooDeng (MOODENG).
PUMP’s advance overshadowed market heavyweights, together with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which gained solely 31% and 28%, respectively, during the last month.
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