Pump.fun Repurchases $33 Million of PUMP Tokens Boosting Price by 15%
TLDR
PUMP price increased by 15% following a $33 million token buyback by Pump.fun.
Pump.fun dominates the meme coin launchpad market with a 77% market share.
The buyback represents 0.729% of the total PUMP supply, boosting investor confidence.
Pump.fun issued 26,836 tokens on August 11, making up 73.6% of Solana’s meme coin launches.
The PUMP token price has surged by 15% after Pump.fun, a meme coin launchpad, announced a major buyback program. On August 11, 2025, Pump.fun repurchased a significant $33 million worth of its PUMP tokens, sending the price to $0.0039772. The price increase follows an ongoing trend of growing market confidence in the project.
PUMP’s price has now risen by 27.67% over the week, although it has seen a slight drop of 0.61% over the past month. However, the recent spike indicates a bullish market sentiment, likely driven by the project’s strong buyback program and its growing dominance in the meme coin launchpad market.
Pump.fun Repurchases $33 Million of PUMP Tokens
Between August 5 and August 11, Pump.fun repurchased approximately $8.42 million worth of PUMP tokens, which accounted for 97.29% of its total revenue for the week. Since the buyback program began, the platform has now repurchased $33.13 million in tokens, representing 0.729% of the 1 trillion total supply of PUMP.
The buyback initiative is aimed at reducing the overall supply of PUMP tokens, which in turn could increase the token’s value.
The increased demand for the token, along with the company’s ongoing efforts to decrease the token supply, has contributed to the recent price surge. According to the platform’s data, the buyback has helped to boost market activity, with the highest trading volume recorded on August 10, 2025.
Market Dominance and Growth of Pump.fun Platform
Pump.fun has become the dominant player in the meme coin launchpad sector, capturing a market share of 77% following its recent buyback initiative.
The platform issued 26,836 PUMP tokens on August 11, which represents 73.6% of the total tokens launched on that day. This solidifies Pump.fun’s position ahead of other platforms, such as Bags and LetsBonk, which issued much fewer tokens on the same day.
The platform’s performance in both token issuance and trading volume is noteworthy. In the past 24 hours, Pump.fun generated $1.85 million in revenue, significantly surpassing its competitors. Bags, for instance, generated only $136,834 in revenue, while BonkFun generated $66,404. This dominance has been crucial in establishing Pump.fun as the leader in the meme coin market, particularly on the Solana blockchain.
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Filed under: News - @ August 12, 2025 10:28 pm