Finance

Solana’s Pump.fun Surges Past $1 Billion in Daily Trading Volume: Will PUMP Token Break Key Resistance?

Solana‘s Pump.fun saw over $1B in daily trading, boosting its PUMP token 15% amid talk of a “Solana season.”

November 10, 2025, 7:43 PM

The Solana symbol is displayed over a glowing, upward-pointing arrow, symbolizing significant growth. By Creativa Images / Shutterstock.com.

Executive Summary

Solana’s Pump.fun platform has experienced a significant surge in activity, with daily trading volumes exceeding $1 billion, sparking discussions of a potential “Solana season.”

The PUMP token recently saw a 15% increase and is currently testing a critical resistance level at $0.004500, which is crucial for confirming further upward momentum.

Pump.fun is a pivotal launchpad for Solana-based memecoins, initiating 70% to 77% of new token launches and processing 10% to 25% of Solana’s daily transactions.

The Story So Far

The recent surge in activity on Solana’s blockchain, particularly with its PUMP token, is primarily driven by the Pump.fun platform’s established role as a dominant launchpad for memecoins, which now accounts for a significant portion of Solana’s new token launches and daily transaction volume, signaling renewed interest in the ecosystem due to heavy user engagement and continuous token buybacks.

Why This Matters

The significant surge in trading volume on Solana’s Pump.fun platform, largely fueled by memecoins, signals a strong resurgence of interest in the Solana ecosystem and could herald a new “Solana season.” This platform has become a critical driver for the network, responsible for a substantial portion of daily transactions and new token launches, making its continued performance pivotal for Solana’s overall activity. The PUMP token’s ability to break key resistance levels will be a crucial indicator of sustained upward momentum and broader market confidence in this rapidly growing segment of the crypto market.

Who Thinks What?

Market observers and Messari estimate that Pump.fun’s significant surge in daily trading volumes, its role in launching new Solana-based memecoins, and its contribution to Solana’s transaction volume indicate renewed interest in the ecosystem and suggest a potential “Solana season.”

Analysts, including Crypto Tony, identify the PUMP token’s current test of the $0.004500 resistance level as crucial, believing a decisive breach is necessary to confirm upward momentum and unlock further gains, while a failure to overcome it would likely keep the market in consolidation.

Solana’s blockchain has seen a significant surge in activity on its Pump.fun platform, with daily trading volumes exceeding $1 billion, signaling renewed interest in the ecosystem. This heightened activity on November 10 led to a notable 15% increase in the platform’s associated token, PUMP, sparking discussions among market observers about a potential “Solana season.”

Pump.fun’s Growing Influence

The platform’s robust performance is attributed to heavy user engagement and continuous token buybacks. Pump.fun has established itself as a pivotal launchpad for Solana-based memecoins, playing a substantial role in the network’s transaction volume.

According to Messari estimates, Pump.fun is responsible for initiating approximately 70% to 77% of new token launches and processes between 10% and 25% of Solana’s daily transactions. The platform recently introduced new features, including its PumpSwap AMM and a “Spotlight” feature designed to highlight promising token projects.

This recent uptick follows record activity in mid-September, when daily trading volumes briefly surpassed $1.02 billion. During that period, the protocol’s revenue even exceeded that of the derivatives exchange Hyperliquid, drawing wider attention to the Solana memecoin space.

PUMP Price Dynamics and Resistance

The PUMP token is currently testing a critical resistance level at $0.004500, which analysts, including Crypto Tony, identify as a key indicator for confirming upward momentum. The latest two-hour charts illustrate PUMPUSDT making a sharp rebound from recent lows around $0.003600.

However, the $0.004500 mark has historically acted as a strong supply zone, with price struggling to break above it multiple times since late October. A prominent wick near this threshold suggests buyer hesitation and profit-taking, underscoring the need for a decisive breach to instill further confidence among bulls.

While PUMP had previously exhibited a pattern of lower highs and higher lows during a period of consolidation, the recent jump represents its strongest move since early November, indicating renewed buyer interest. This structure appears to be an early phase of accumulation.

Should buyers successfully maintain the price above $0.004500, the chart suggests a potential move towards the $0.004700–$0.004900 range. Conversely, if PUMP fails to overcome this resistance, a pullback to $0.004200 or even $0.004000, where previous demand levels might re-emerge, becomes more probable.

Market Outlook

Overall, while momentum for PUMP leans towards the upside following a sharp V-shaped rebound, the $0.004500 resistance level remains a crucial pivot point. A definitive breakthrough could unlock further gains, whereas a rejection would likely keep the market in a state of consolidation.