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According to Jinse Finance, pump.fun stated in a post that it purchased approximately $10.65 million worth of PUMP tokens over the past week, accounting for 99.32% of its total revenue during the period from August 20 to August 26. To date, pump.fun has purchased more than $58.13 million worth of PUMP tokens in total, representing 4.261% of the circulating supply.

According to Jinse Finance, monitored by CryptoQuant, the growth of stablecoin liquidity has slowed down, with the weekly market capitalization expansion dropping to around $1.1 billion, significantly less than the $4 to $8 billion per week during the Bitcoin rally at the end of 2024. In addition, the 60-day growth of USDT is about $10 billion, lower than the previous peak of over $21 billion. Despite the slowdown in issuance, the total stablecoin reserves on exchanges reached a historical high of $68 billion on August 22, with USDT accounting for $53 billion and USDC for $13 billion. The growth in stablecoin market capitalization remains positive, but the slower pace suggests that market liquidity support is weakening, which may indicate a tendency to enter a consolidation phase rather than a continued parabolic rally.