Key facts
- Pump.fun's PUMP token achieved its first golden cross, a bullish technical signal.
- The platform's seven-day revenue reached $11.52 million, the highest since February.
- Half of Pump.fun's revenue is used for token buybacks and burns.
- Robinhood has begun rolling out agentic trading for crypto to select users.
- Bitcoin ETFs experienced $137 million in net inflows on Monday.
Pump.fun's native token, PUMP, has achieved its first 'golden cross,' a significant bullish technical indicator, as the platform's revenue has surged to a seven-month high. The token's 50-day exponential moving average (EMA) has crossed above its 200-day EMA for the first time since its launch in mid-2025, signaling a potential upward trend.
This technical achievement coincides with strong fundamental improvements. Pump.fun reported $11.52 million in seven-day revenue, placing it fourth among all crypto protocols and marking its best week since late January. The platform utilizes half of its revenue for token buybacks and burns, a mechanism that has offset 15.9% of the total PUMP supply. Recent strategic moves, including reducing app trading fees to 0% on Solana and 0.1% crosschain, have boosted user activity, with weekly traders up 23% and daily active traders reaching a new all-time high.
In broader market news, crypto majors saw slight gains, with Bitcoin trading around $64.2k. Ethereum Foundation researchers are prioritizing privacy for their 2027 Hegota upgrade. The SEC halted its crypto fundraising framework following potential legal action and White House intervention. Meanwhile, the Treasury proposed the GENIUS Act, setting deadlines for stablecoin issuers to obtain federal or state licenses. Kraken parent Payward has gained access to Anthropic's Claude Mythos 5 for system vulnerability scanning, and South Korea's media regulator ordered ISPs to block Polymarket for alleged illegal gambling.