Pump.fun, the largest memecoin launchpad on Solana (SOL), has ramped up its aggressive token buyback program, purchasing an additional $58.7 million worth of PUMP tokens between August 20 and 26.
According to figures published on the platform’s website, the repurchase represents 4.3% of PUMP’s total supply, bringing the launchpad’s cumulative buybacks to a significant milestone.
Pump.fun reported that almost all of its weekly earnings of 10.6 million went to this buyback, which lowered the supply of tokens in circulation by 4.261%.
It is the second large buyback in less than one month. Pump.fun has only made a $33 million buyback two weeks ago, equivalent to about 1% of the total supply of PUMP.
The new announcement generated a new market shake, as the PUMP token price increased by 4 percent in late North American trade on Tuesday to $0.003019. In the last two days, the price of the PUMP has recovered almost 20 per cent of its past lows.
There is also an increase in trading activity. In addition to the recovery of the PUMP price, 24 hour trading volume increased 17% to $226.3 million. The PUMP price is still 55.7% below its all-time high of $0.0068 on July 16.
Analysts believe that Pump.fun continued buybacks have reduced the pressure to sell and stabilized the token following weeks of consolidation. Since July 29, the PUMP price has been moving sideways since its all-time low of $0.002283.
In addition to the buybacks, Pump.fun remains the leader in the meme launchpad ecosystem of Solana. According to Jupiter data, the platform has a market share of 84.1% and its volume of 24 hour trading is of $781million with over 413,000 traders.
The most recent buyback highlights the effort of Pump.fun to re-establish confidence that the PUMP token price is the right price in an effort to stabilize its market dominance.
The platform has generated more than $800 million of lifetime revenue and this month started the Glass Full Foundation to support the top performing projects on the platform with liquidity.
As buybacks keep supply tight and momentum recovers, the PUMP price can keep within focus of Solana based traders in the coming weeks.
Also read: Pump.Fun 2025 Outlook: Can PUMP Break the $0.01 Barrier With Upgrades and Hype?
Based on the latest research Pump.fun continues to dominate Solana’s memecoin market with aggressive buybacks that have boosted confidence in the PUMP token price. By cutting supply and driving trading momentum, the platform strengthens its market leadership, leaving rivals trailing as investors closely watch future moves shaping PUMP’s long-term trajectory.
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Pump.fun, Solana’s largest memecoin launchpad, executed another major buyback, purchasing $58.7 million worth of PUMP tokens between August 20-26. The action decreased the supply in circulation by 4.261 percent and preceded a repurchase of 33 million earlier this month. In two days, the PUMP price recovered 20% and trading volume increased 17% to $226.3 million. Covering 84.1% of the Solana memecoin market, Pump.fun surpassed competitor LetsBONK.fun in revenue and minting tokens.
Pump.fun is the largest memecoin launchpad on Solana, supporting token launches, trading, and liquidity.
Pump.fun spent $10.6M last week buying back PUMP, totaling $58.7M and cutting circulating supply by 4.26%.
The PUMP price rose 4% to $0.003019, rebounding nearly 20% over two days.
Pump.fun leads with 84.1% market share, $781M trading volume, and 25,354 token mints versus LetsBONK.fun’s smaller figures.
