Pump.fun Token Surges 15% Following Major Buyback Program

• PUMP token jumped 15% after Pump.fun bought back $8.42 million tokens in one week. 

• The platform now controls 77% of the meme coin launchpad market and generated $1.85 million in daily revenue. 

• Pump.fun has purchased $33.13 million in tokens since the buyback program started.

Pump.fun’s native token, PUMP, has experienced a significant price increase of over 15% following the platform’s aggressive token buyback strategy. The token reached $0.0039772 as market confidence strengthened around the project’s commitment to reducing supply through systematic repurchases.

The price surge represents a 27.67% weekly gain for PUMP, despite a modest 0.61% decline over the past month. Market analysts attribute the recent bullish momentum to increased trading activity and the platform’s substantial token acquisition program.

Record-Breaking Buyback Activity

Pump.fun executed its largest weekly buyback between August 5 and August 11, purchasing approximately $8.42 million worth of PUMP tokens. This amount represented 97.29% of the platform’s total revenue for that period, demonstrating an unprecedented commitment to the buyback program.

Since the program’s inception, Pump.fun has repurchased $33.13 million worth of PUMP tokens, equivalent to 0.729% of the total 1 trillion token supply. The systematic reduction in circulating supply has created upward pressure on token prices.

On-chain data reveals August 10 recorded the highest single-day buyback activity before experiencing a slight decrease. The timing coincided with increased market demand and elevated trading volumes across the platform.

Market Leadership in Meme Coin Launchpads

Pump.fun has reclaimed its position as the dominant meme coin launchpad on the Solana blockchain, surpassing competitors LetsBonk and Bags. On August 11, the platform facilitated the launch of 26,836 tokens, capturing 73.6% of the total 36,458 tokens created that day.

chart tracking token deployment trends and Pump.fun’s dominance in Solana memecoin launches

Bags secured second place with 4,030 token launches (11%), while LetsBonk managed 1,813 launches (5%). The distribution highlights Pump.fun’s commanding market presence in the competitive meme coin sector.

Revenue figures further emphasize the platform’s dominance. Pump.fun generated $1.85 million in 24-hour revenue, significantly outperforming Bags’ $136,834 and BonkFun’s $66,404. Trading volume reached $195.76 million, giving Pump.fun a 77.4% market share compared to Bags’ $38.77 million and BonkFun’s $10.55 million.

The combination of substantial buyback activity and market leadership positions Pump.fun for potential continued growth. Industry experts suggest the platform’s near-100% revenue-to-buyback ratio represents an exceptional commitment rarely seen in tokenomics-driven projects.

If current trends persist, PUMP may test higher resistance levels in the coming weeks. The platform’s ability to maintain high token creation volumes and substantial trading activity indicates strong ecosystem health and user adoption across the Solana network.