What Drove PUMP Token’s 60% Rebound in January?

Pump.fun (PUMP) — the leading meme coin launch platform on Solana — recorded multiple milestones in January. Analysts see this as a sign that interest in Solana meme coins is returning.

At the same time, many Solana meme coins delivered strong performance throughout January, even as market sentiment remained dominated by fear.

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Pump.fun Sets New January Records, Supporting The PUMP Token Price.

Data from Dune shows that the number of new tokens created daily on Pump.fun surged to nearly 39,000. This marks the highest level since April 2025.

In addition, the platform’s daily active addresses reached 300,000 on January 27. This was the highest figure since early last year.

More importantly, over half of these were newly created wallet addresses. This highlights renewed enthusiasm among investors for trading and launching meme coins on Solana.

Analyst Adam also noted that the number of “graduated” tokens — meaning tokens that reached sufficient liquidity to trade on decentralized exchanges — hit a six-month high.

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“350 tokens graduated from memecoin launchpads yesterday. Highest number of graduates in over 6 months,” Adam said.

User activity also showed a sharp rebound. Artemis data reported that Pump.fun reached an all-time high in returning users. These are wallets that have not traded for more than 180 days.

These milestones have significantly boosted Pump.fun’s revenue. Higher revenue also means a larger buyback volume, since the project uses nearly 100% of its revenue to repurchase tokens.

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Official Pump.fun statistics show that more than 19,000 SOL were used to buy back PUMP tokens on January 27. This was the highest daily amount ever recorded.

Overall, the mechanism has repurchased more than 21% of the total PUMP supply.

This has provided strong support for the token price and fueled its recovery. A recent BeInCrypto analysis reported that PUMP gained more than 60% over the past month. The price reached $0.0031 and may continue climbing toward $0.004 to complete a cup-and-handle pattern.

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Solana Meme Coins Surge in January

CoinGecko data shows that the Solana meme coin market cap reached $5.9 billion. It increased by 5.3% over the past 24 hours, with trading volume surpassing $1 billion.

Several meme coins posted outsized gains thanks to project-specific catalysts. Pudgy Penguins partnered with Manchester City to launch premium NFTs and merchandise. MELANIA attracted attention due to an upcoming documentary about Melania Trump. Nietzschean Penguin surged more than 900% after the White House shared an image of President Trump walking with a penguin.

These positive signals have raised investor expectations that a Solana meme coin season could return. However, CryptoRank warned that most meme coins are still down more than 90%. This suggests that a broader and more sustained recovery will require fresh capital inflows from outside the market.