Pump.fun spends nearly $95m on token buybacks
The post Pump.fun spends nearly $95m on token buybacks appeared on BitcoinEthereumNews.com.
Pump.fun’s buyback strategy shows no signs of stopping. So far, the project has repurchased around $94.5 million worth of PUMP tokens. It now owns approximately 6.582% of the circulating supply. Summary Pump.fun now owns 6.58% of its circulating token supply, spending nearly $95 million in platform revenue for token buybacks. PUMP recently reached an all-time high, as selling pressure increases in line with the token repurchasing. According to on-chain data, the project has purchased nearly $95 million worth of PUMP tokens since it began its repurchasing strategy. On the day the token reached a new all-time high, the project made its latest purchase of 253.8 million PUMP. These tokens were worth $0.008 per token at the time, valuing the purchase at about $2.05 million. Ever since July 15, 2025, when it first initiated its token buyback strategy, Pump.fun has been consistently buying its tokens back almost every day no matter the price. Its first purchase remains its largest purchase to date, at 2.4 billion PUMP (PUMP). Chart showcasing Pump.fun’s token buyback strategy until Sept. 14, 2025 | Source: fees.pump.fun The meme coin platform has managed to soak up over 6.58% from its total circulating supply, which currently stands at 1 trillion PUMP. “Pump.fun currently expects to use substantially all net revenue for strategic investments. Pump.fun may modify or discontinue those plans at any time. The $PUMP token does not represent a right to revenues or any other distribution,” wrote the platform underneath a chart showcasing its revenue buybacks. The project uses platform-generated revenue from its meme coin launchpad site to make daily token repurchases. So far, it has bought more than 23.1 billion tokens, as the platform looks to stabilize price action and reduce sell pressure. Pump.fun price analysis Pump.fun’s strategy seems to be working in its favor. On September…
Filed under: News - @ September 15, 2025 10:26 am