$PUMP climbs on heavy volume The native token of Solana memecoin launchpad Pump.fun tagged a two-month high of $0.002087 on July 20, gaining roughly 13% on the day and around 40% over the pri
The native token of Solana memecoin launchpad Pump.fun tagged a two-month high of $0.002087 on July 20, gaining roughly 13% on the day and around 40% over the prior seven days. Twenty-four-hour trading volume surged more than 400% to approximately $237 million, underlining the breadth of the move rather than a thin-liquidity spike.
$PUMP is the native token of Pump.fun, a Solana-based platform that simplifies the creation and trading of memecoins.Pump.fun is a permissionless token launchpad on Solana that lets anyone create a fully functional memecoin in under sixty seconds for about $2 in fees.Since launching in January 2024, it has powered millions of token launches and billions in trading volume, and has become the epicenter of Solana's memecoin mania.
The catalyst that traders pointed to was a public disclosure from @blknoiz06, the crypto trader widely known as Ansem, who revealed a $PUMP buy and outlined a bull case for the launchpad. Ansem is a crypto trader, investor, and influencer primarily associated with the Solana ecosystem.He built his reputation as an early supporter of Solana and memecoins like Dogwifhat and Bonk, and is widely credited with calling Solana's 2023 rally from around $8 to nearly $300.His commentary often influences short-term market sentiment across Solana assets.
The move comes weeks after Ansem's own namesake token, $ANSEM (The Black Bull), became one of the more talked-about memes in Solana's trenches. A Solana memecoin called The Black Bull (ANSEM) climbed nearly 20,000% in seven days in late June 2026, pushing its market cap past $60 million from a starting point measured in the tens of thousands of dollars. That run reanimated broader interest in Solana's memecoin culture, and Ansem's willingness to now go public with a $PUMP position has added fresh momentum to the launchpad's own token.
Pump.fun itself remains one of the dominant forces in Solana's on-chain economy. According to DefiLlama, Pump.fun's annualized fees were $268.83 million as of April 2026, showing the platform was still generating large fee volume after its earlier peak growth phase. Traders will be watching whether Ansem's endorsement is enough to sustain the rally or whether $PUMP gives back gains as attention rotates to the next narrative.
As with all memecoin-adjacent assets, price moves can reverse sharply. This article is for informational purposes only and is not financial advice.
Sources:Pump.fun ($PUMP) price data, CoinbasePump.fun Launchpad Review 2026, CryptoSlateWho Is Ansem in Crypto, BTCC Academy
