PUMP token prints first golden cross as protocol revenue reaches seven-month high; Robinhood launches agentic trading feature and Ansem debuts new launchpad.
AI & Agents ·
Pump.fun's PUMP token has completed its first golden cross—a technical pattern where its 50-day moving average crossed above its 200-day average—since launching in mid-2025, signaling a potential reversal after a 10-month downturn from its $8 billion peak in September 2025. The token traded near $0.002733 after touching $0.003 intraday Monday, having bottomed at $0.001491 in July. The timing coincides with strengthening fundamentals: Pump.fun generated $11.52 million in seven-day revenue, ranking fourth among all crypto protocols behind only Tether, Circle, and Canton, and its annualized revenue of $458 million against a $1.09 billion market cap reached its highest level since February.
The protocol's economics hinge on automated buybacks: half of all revenue is contractually directed to purchasing and burning PUMP tokens, which accounted for $5.33 million in the past week alone and has now eliminated 28.58 percent of circulating supply. Weekly fees peaked at $10.74 million, up 7 percent from the prior week, with August 10–16 marking the strongest performance since late January. Separately, Robinhood began offering agentic trading for crypto to select users, and Ansem launched a new curated launchpad alongside a z500 index.
What remains unclear is whether this momentum sustains or whether it represents a temporary spike within broader market cycles, particularly as memecoins' staying power into the next bull market continues to be tested.