PUMP Token Skyrockets 13% Overnight as Pump.fun Executes Massive $2.3M Buyback

Memecoin mania gets a liquidity injection—and the market responds with double-digit gains.

Pump.fun's strategic $2.3 million buyback triggers frenzy

The Solana-based token PUMP isn't just living up to its name—it's defying gravity with a 13% price surge. The catalyst? Pump.fun's aggressive treasury maneuver, deploying seven figures to soak up circulating supply. Market makers barely had time to adjust their algos before the FOMO kicked in.

Buyback mechanics meet memecoin madness

While traditional finance nerds debate share repurchase strategies, crypto's degenerate cousin just wrote the playbook in real-time. The move effectively burns tokens while creating artificial scarcity—a classic pump (pun intended) before the inevitable dump. But for now, bulls are riding the wave as trading volume spikes 300% across decentralized exchanges.

Another day, another crypto capital rotation. Will this end like every other memecoin cycle—with retail holding the bag? Probably. But today, the charts only go up.

The buyback was financed by the project fee wallet, which is a serious indication of supporting the token value. Nevertheless, not all people are sure. IncomeSharks and other analysts and traders questioned the lack of practical use of $PUMP. 

The token does not provide any governance rights, revenue sharing, and does not serve any practical purpose other than marketing the Pump.fun platform. Critics believe that this low utility can cause a long-term volatility and falling demand.

Nevertheless, the market cap of $PUMP increased to $2.11 billion despite the backlash. This unexpected surge in trading volume indicates investor interest, however, analysts caution that buybacks provide a short-term boost unless more fundamental problems are addressed.

Although the support of Coinbase can keep the momentum, the token has fallen by 4 percent in the last seven days, which is an indication of investor pessimism.

The meme coin world is a world of hype. However, lacking good fundamentals, a buyback will not be enough to keep $PUMP pumping in the long term.

Also Read: New Meme Coin in Town: Fartcoin Whales Moves to PUMP Token