PUMP Skyrockets 15% Overnight as Pump.fun Executes Massive $33M Token Buyback

Pump.fun just lit a rocket under its own token—and traders are scrambling for seats.

The platform's surprise $33 million buyback sent PUMP prices surging 15% in a classic 'pump-and-hold' maneuver. Who says crypto doesn't eat its own dog food?

Behind the numbers:

- The buyback dwarfs typical DeFi treasury moves

- Market makers got caught leaning the wrong way

- Short-term holders are already taking profits

This isn't financial advice—just proof that in crypto, the house always wins... especially when the house owns the casino chips.

Massive Buyback Program Fuels Price Surge

Since launching the program, the company has bought back $33.61 million in PUMP, equal to 0.741% of its 1 trillion total supply. Buybacks, which are prevalent in both stock and crypto markets, lower the supply in circulation, which could be used to push the prices up. 

The platform’s strategy has also reinforced its dominance in the memecoin launchpad sector, where creators can easily mint new tokens. Data from Dune Analytics shows that on August 11, Pump.fun launched 26,836 new tokens, accounting for 73.6% of all memecoins created that day and overtaking rivals LetsBonk and Bags. 

Analysts say if the buyback trend continues, PUMP could soon test higher resistance levels, marking a strong resurgence in the ongoing “memecoin wars” on Solana.

Also Read: PumpFun Buys Back PUMP Tokens Amid Selling Pressure from Whales