PUMP token hit a record $2.036 billion in decentralized exchange volume as memecoin risk appetite surged heading into the new year. The spike signals renewed retail demand and elevated short-term volatility.
PUMP traded above a key support level after the project repurchased roughly 11% of circulating supply, yet price momentum remains weak. DeFiance Capital CEO Arthur Cheong publicly questioned why the token keeps lagging despite sizable buybacks.