Pump.fun’s $72M Buyback Streak Continues Strong

• Pump.fun bought back $12.19 million worth of PUMP tokens, and this represents 98% of its weekly revenue. 

• The platform controls 77% of Solana’s memecoin market, processing $588 million in trading volume. 

• PUMP token price rose 8% after the buyback announcement, and Project Ascend launched with lower fees for creators.

Pump.fun has completed another substantial token buyback worth $12.19 million, representing 98.23% of its weekly revenue from August 28 to September 3. The leading Solana memecoin launchpad continues its aggressive strategy to reduce circulating supply and maintain market dominance.

Since launching its buyback program, the platform has spent nearly $72 million on PUMP token repurchases. This sustained approach has reduced the token’s circulating supply by 5.36%, demonstrating management’s commitment to shareholder value creation.

Record-Breaking Market Performance Drives Revenue Growth

The latest buyback exceeded the previous week’s $10.6 million purchase, building on August’s $33 million token acquisition that triggered a 15% price rally. Pump.fun maintains a 77% market share in Solana’s memecoin launchpad sector, processing $588 million in trading volume within 24 hours.

The platform minted nearly 27,000 tokens during the same period, significantly outpacing competitor LetsBONK.fun’s $80 million volume. This performance gap highlights Pump.fun’s established infrastructure and user adoption advantages in the competitive memecoin space.

Market data shows PUMP token recovered from support levels near $0.0027 to trade around $0.00432, marking an 8% gain during mid-New York trading sessions on September 4. The token demonstrated resilience while broader cryptocurrency markets declined 2.2%.

Project Ascend Launch Introduces Dynamic Fee Structure

Pump.fun announced Project Ascend, a comprehensive platform update to improve token launch sustainability. The initiative implements Dynamic Fees V1, a tiered pricing system that reduces creator costs as projects achieve higher market capitalizations.

The new fee structure enables creators to earn “10x more” revenue over time while rewarding long-term project development. This approach targets content creators, streaming personalities, and startup founders seeking cost-effective token launch solutions.

Project Ascend’s announcement coincided with a 14% surge in PUMP token price, adding momentum to the buyback-driven recovery. The update positions Pump.fun to capture additional market share from traditional fundraising platforms.

The platform’s consistent buyback strategy provides stability during volatile market conditions. Weekly repurchases demonstrate sustainable revenue generation while supporting token price performance through supply reduction mechanisms.

Pump.fun’s market leadership stems from its user-friendly interface and established network effects within Solana’s ecosystem. The platform processes the majority of memecoin launches on Solana, creating significant barriers to entry for potential competitors.

The combination of aggressive buybacks and platform improvements positions Pump.fun for continued growth in the expanding memecoin sector. Revenue-sharing mechanisms and reduced fees attract high-quality projects while maintaining profitability through volume-based economics.