PUMP.fun is currently attracting significant attention as it strives to reach a historic milestone of $1 billion in lifetime revenue. This surge in interest is fueled by the rise of new SPL tokens, increased daily minting, and ongoing buyback activities, which together enhance optimism within the ecosystem. The activation of Mayhem Mode has also intensified activity, fostering a renewed narrative for PUMP amid a generally subdued market.
As of now, PUMP.fun has achieved a lifetime revenue of $906.8 million, leaving it just $100 million shy of its ambitious target. Based on the current momentum, this goal appears attainable before the close of 2025 and the dawn of 2026. This surge correlates strongly with the platform”s active Mayhem Mode, which showcases a rise in new tokens and an uptick in daily transaction volumes, primarily driven by random trades.
Recent data from Solscan indicates that the creation of new SPL tokens has seen a notable increase. On November 15, around 25,611 tokens were minted, which jumped to 30,312 by November 20. This upward trend highlights the growing developer interest during the ongoing Mayhem Mode. The month-to-month growth is modest, but the weekly increase indicates a robust engagement from users launching new projects despite the prevailing market uncertainties.
To enhance early price discovery on its launchpad, PUMP.fun has introduced an artificial intelligence (AI) agent aimed at improving visibility for new projects that may otherwise struggle due to liquidity challenges. This initiative is designed to prioritize new tokens while excluding those already on the bonding curve or classified as graduated tokens. Although the initiative has not yet sparked a dramatic rise in metrics, data from Dune Analytics shows that daily revenue is either stable or slightly declining, likely reflecting the broader crypto market”s sluggishness rather than the effectiveness of this new feature.
At present, the PUMP token is trading at $0.0031, having declined 65% from its all-time high of $0.0089 reached in September. In response to this drop, PUMP.fun has executed buybacks exceeding $182 million, which accounts for approximately 11.691% of the total 1 trillion PUMP tokens in circulation. From a technical standpoint, the PUMP price is currently situated on a crucial support line that connects the swing lows from July and August. The latest swing point in November suggests potential for upward momentum. Should the token experience a rally from this position, analysts predict a possible ascent toward the $0.01 mark, which would represent a 220% increase from the current price. Furthermore, if market conditions improve and Mayhem Mode continues to boost token activity, sentiment could shift rapidly, signaling the onset of a recovery phase for PUMP crypto.
