Pump.fun's $PUMP Token Plunges 35% Amid Market Downturn, Despite Aggressive Buybacks

Key Highlights:

The $PUMP token dropped ~35% in the past month, hitting around $0.0017–$0.0018 — levels last seen in October's sell-off.

Pump.fun's buyback program, using 100% of platform revenue, spent $32.7M in the last 30 days and $218M total since July 2025.

Heavy whale selling overwhelmed the ~$1M daily buy pressure, with one whale dumping 3.8B tokens ($7.57M) at a $12M loss.

Large holders (>1M $PUMP) reduced balances by 13% in 30 days, signaling fading confidence.

Broader crypto market weakness amplified the decline, as revenue-backed support proved insufficient against sustained outflows.

This underscores the challenges for revenue-driven tokens in bearish conditions, where aggressive buybacks can't always counter macro selling pressure.

BTCUSDT

Perp

87,491

-0.24%

ETHUSDT

Perp

2,945.58

+0.13%

PUMPUSDT

Perp

0.001774

+2.36%