PUMP token underperforms, drops 6% in 24 hours
PUMP token, the native asset of Pump.fun, dropped 6% in the past 24 hours, underperforming other Solana meme coin projects. Data from CoinGecko shows PUMP traded at $0.003364, marking only a 0.8% daily increase 
. Other Solana meme coin prices have moved higher during recent hype cycles, but the PUMP token has lagged. The price reaction comes after days of anticipation within the Pump.fun community. Founder Alon Cohen had hinted at a major development, and whale activity briefly pushed the PUMP token up by 15%, but gains faded soon after.
Glass Full Foundation to Inject Liquidity Into Meme Coin Projects
Pump.fun launched the Glass Full Foundation (GFF) to inject liquidity into select Solana meme coin projects within its ecosystem. 
According to Pump.fun, the program will provide liquidity directly to ecosystem tokens. This aims to improve trading activity, narrow spreads, and stabilize smaller Solana meme coin markets. Liquidity injections are intended to give projects more operational flexibility and help sustain active communities.
“The Foundation has already begun with several projects receiving initial support and will continue deploying capital,” the team said in a post on X. The Glass Full Foundation is part of Pump.fun’s broader plan to expand the Solana meme coin sector. Liquidity remains a key factor for tokens with smaller market capitalizations, which can face sharp volatility when trading volumes are low.
$12 Million PUMP Buyback Reported by Arkham Intelligence
Alongside the Glass Full Foundation, Pump.fun began a $12 million buyback of PUMP token. Arkham Intelligence reported that the platform purchased over $5 million worth of PUMP token, following an earlier purchase of almost $7 million. A portion of these holdings is stored in a Squads Vault. A buyback can reduce circulating supply and increase market demand. One X user said,
“That is not just buying pressure, it is a full-on feedback loop, Pump buying Pump fuels the fire.” Despite the scale of the $12 million buyback, PUMP token has shown limited price movement. Short-term market activity remains focused on liquidity conditions in the Solana meme coin sector.
Community Reactions to Glass Full Foundation and Buyback
Some community members initially expected a different form of market event. One user, Abhi, wrote on X, “Is this an airdrop?” after the Glass Full Foundation announcement. The combination of the Glass Full Foundation and $12 million buyback marks one of the largest capital deployments by Pump.fun in recent months. These measures take place in a competitive Solana meme coin market that includes established tokens such as BONK. While these developments show active movement from Pump.fun, trading data continues to show muted short-term reaction in PUMP token performance compared with other Solana meme coin assets.
PUMP Token Price Holds Below Key Average on 4-Hour Chart
The PUMP token to United States Dollar Tether (PUMPUSDT) four-hour chart shows the price trading at $0.003095. The chart data comes from the Bybit exchange and includes the 50-period Exponential Moving Average (EMA), which is currently at $0.003181. The price has moved slightly below this average, indicating that short-term momentum is leaning to the downside. 
Trading volume over the latest four-hour period stands at 635.89 million PUMP tokens, reflecting active market participation. The candlestick pattern from early August shows that the PUMP token attempted to sustain levels above the EMA but has since moved lower. This shift followed a gradual decline from recent highs earlier in the month.
The Relative Strength Index (RSI), set to a 14-period close, registers 42.16 with a signal line at 48.63. The RSI, or Relative Strength Index, measures the speed and change of price movements. Readings below 50 generally indicate weaker buying momentum. This suggests that sellers currently have more influence over short-term market direction. The recent price behavior highlights that the PUMP token is testing a zone slightly below the 50-period EMA, a level often seen as a balance point between short-term bullish and bearish sentiment. A sustained move above this average could signal a shift in momentum, while continued trading below it may indicate extended selling pressure in the near term.
PUMP Token MACD Shows Bearish Crossover on 4-Hour Chart
The PUMP token to United States Dollar Tether (PUMPUSDT) four-hour Moving Average Convergence Divergence (MACD) chart indicates a bearish momentum shift. The MACD line, calculated with 12-period and 26-period Exponential Moving Averages (EMA), is currently at -0.000028. The signal line, which is the 9-period EMA of the MACD, stands at 0.000012. 
The histogram, which represents the difference between the MACD and the signal line, shows negative values. This pattern reflects increasing selling pressure as the MACD line moves further below the signal line. The red bars on the histogram have been extending since August 8, signaling that downward momentum has been building over multiple sessions.
Earlier in August, the MACD line crossed above the signal line, leading to a period of buying momentum. However, that trend reversed after the MACD crossed below the signal line in recent sessions. The continued widening of the gap between the two lines suggests sellers currently have more control over short-term market direction.