$PUMP Token Rockets 300% After Pumpfun’s Shock $19M Buyback Bombshell
Pumpfun just dropped a grenade in DeFi's meme coin playground—a $19 million buyback that sent its $PUMP token vertical. Here's why traders are FOMO-ing hard.
The buyback blitzkrieg
No warning. No gradual accumulation. Just a $19 million market order that vacuumed up liquidity like a black hole swallowing stardust. The move reeks of either genius price manipulation or desperate bid to salvage credibility—take your pick.
Tokenomics on steroids
With 40% of circulating supply suddenly vaporized, $PUMP's chart went parabolic. The resulting liquidity crunch created the perfect conditions for a gamma squeeze—DeFi style. CEX listings within 24 hours? Almost guaranteed.
The cynical take
Another day, another crypto project playing hedge fund with treasury funds. At least this pump came with an actual buyback—unlike those 'strategic partnerships' that are just two projects swapping bags.
One thing's certain: In today's market, nothing gets degens rushing like the smell of artificial scarcity and the sound of rockets taking off.
Pumpfun has announced it will purchase its native token, $PUMP, using profits it made during its launch. The on-chain data indicates that yesterday, approximately 187,770 SOL, or about $31.3 million, were transferred to a special buyback wallet.
Pumpfun has started a multimillion-dollar buyback of its $PUMP token using platform revenue.
Onchain data shows 187,770 $SOL (~$31.3M) was moved to a buyback wallet.
So far, about 118,351 SOL ($19.3M) has been used to repurchase nearly 3 billion PUMP tokens.
News of the…
So far, Pumpfun has spent about 118,351 SOL (around $19.3 million) to repurchase nearly 3 billion PUMP tokens, pushing the memecoin’s price sharply higher.
Strategic Buyback by Pumpfun Drives Price Rally
The market lit up with news of the buyback. PUMP ROSE 17% to about 0.0067, above its ICO price of 0.004.
These coordinated on-chain repurchases indicate the readiness of Pumpfun to keep the value of the token and show an innovative approach to reward long-term holders.
The Process of Selling Out to Buy Back
Pumpfun initiated a token sale a few days ago, selling 600 million PUMP tokens in just 12 minutes, thereby setting a record for the fastest and largest launch on Solana.
Today, the platform is using some of its cash to purchase back PUMP tokens. The funds are obtained in two ways: much of the money that the platform retains in the FORM of fees and the profits that the platform receives during the launch of memecoins.
With this cash, Pumpfun burns its way into reducing the amount of PUMP tokens circulating in the market, assisting in stabilizing the prices, and also exhibiting its ability to maintain its memecoin ecosystem in a healthy state in the long term.
Implications for the Entire Solana Memecoin Community
Pumpfun is the first major memecoin incubator on Solana, and the buyback will establish a new standard. Pumpfun is not wasting the money and instead directing it to token economics, bringing true value to its people.
Analysts believe it will bring additional liquidity to solana since traders prefer coins whose owners can manage their treasuries and utilize favorable economic frameworks.
As the memecoin market continues to expand, these actions may become the primary method for platforms that connect community-driven launches with value capture over time.
