Pump.fun has spent 300 million dollars to collect 25.55% of the PUMP supply, significantly reducing the supply on the market.
Data from fees.pump.fun on February 23 shows that Pump.fun just spent 14,650 SOL (≈1.25 million USD) in 24 hours to buy back 601.6 million PUMP. Since launching the buyback program on July 15, the platform has spent approximately 301 million USD to acquire PUMP, thus reducing 25.55% of the total circulating supply.
The figure of 301 million USD is extremely large compared to many meme-token projects on the Solana network. Notably, Pump.fun is one of the meme coin launchpads generating the highest fee revenue on the Solana network in 2024-2025, having recorded daily revenues exceeding 1-2 million USD during the memecoin craze. This fee cash flow is being reallocated to the buyback program.
A buyback of 25% of the supply is a very "corporate" move in the crypto world – similar to the model of stock buybacks outside the stock market. If revenue continues to be stable, the reduction in supply could create a new price floor and strengthen the confidence of long-term holders.
However, the risk lies in the cyclical nature. The revenue of Pump.fun heavily depends on the memecoin frenzy. When overall market liquidity weakens, fees decrease, and the buyback program may slow down – and at that point, the price support effect will also weaken.
To be clear: 301 million USD buyback is an impressive figure, but whether the token price is sustainable or not will depend on one single factor – whether Pump.fun can maintain its position as a "fee printing machine" on Solana or not.
$PUMP
Data from fees.pump.fun on February 23 shows that Pump.fun just spent 14,650 SOL (≈1.25 million USD) in 24 hours to buy back 601.6 million PUMP. Since launching the buyback program on July 15, the platform has spent approximately 301 million USD to acquire PUMP, thus reducing 25.55% of the total circulating supply.
The figure of 301 million USD is extremely large compared to many meme-token projects on the Solana network. Notably, Pump.fun is one of the meme coin launchpads generating the highest fee revenue on the Solana network in 2024-2025, having recorded daily revenues exceeding 1-2 million USD during the memecoin craze. This fee cash flow is being reallocated to the buyback program.
A buyback of 25% of the supply is a very "corporate" move in the crypto world – similar to the model of stock buybacks outside the stock market. If revenue continues to be stable, the reduction in supply could create a new price floor and strengthen the confidence of long-term holders.
However, the risk lies in the cyclical nature. The revenue of Pump.fun heavily depends on the memecoin frenzy. When overall market liquidity weakens, fees decrease, and the buyback program may slow down – and at that point, the price support effect will also weaken.
To be clear: 301 million USD buyback is an impressive figure, but whether the token price is sustainable or not will depend on one single factor – whether Pump.fun can maintain its position as a "fee printing machine" on Solana or not.
$PUMP