Pump.fun: The Buyback's Revenue Falls 16 Percent, the Price Sits at the Weekly Low

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Pump.fun's revenue funds half of the PUMP buyback, and it has fallen 16.0 percent since October 5, to $1,585,235 a day. The price turned on the same day and now sits 16.8 percent below the weekly high.The buyback that has carried the price of Pump.fun (PUMP) through October is getting less money. The protocol's revenue, which funds half of it, stood at $1,585,235 a day on October 9. On October 5 it was still $1,887,798. That is 16.0 percent less in four days, and October 5 also marked the weekly high of the price. PUMP trades at $0.005426 on Saturday morning, at the bottom edge of the week. If you hold PUMP or are weighing a purchase, that means the support beneath the price is not a promise but a function of the business figures. As revenue falls, so does the amount with which tokens are bought off the market and destroyed each day. This article sets the two side by side, names the documented levels and says what an investor in Germany can check along the way. Pump.fun revenue:...