Pump token, the native token of Solana's memecoin launchpad Pump.fun, has climbed roughly 8% to trade near $0.0029. The rally comes as a golden cross pattern begins forming on the daily chart, a technical signal that tends to get bulls reaching for their wallets.
The golden cross pattern occurs when a shorter-term moving average crosses above a longer-term one on a price chart. This pattern carries enough weight in technical analysis circles that it tends to become self-reinforcing.
Market Capitalization
Twenty-four-hour trading volume topped $100 million during the move, suggesting the price action has genuine participation behind it rather than thin-market noise. Pump.fun generated a record $10.03 million in protocol fees during the week of August 3-9, 2026.
The platform commands over 50% of the total fee share in Solana memecoin launches as of mid-August 2026. The protocol has channeled substantial portions of its fee income into buyback and burn programs, systematically pulling PUMP tokens out of circulation.
Token Supply
The circulating supply currently sits at approximately 390-392 billion tokens out of a maximum of 1 trillion. Ongoing token unlocks do present a headwind worth monitoring. With only about 39% of the maximum token supply currently in circulation, future unlock events could introduce selling pressure that offsets the deflationary impact of burns.