PUMP Token Skyrockets 10% Following Pump.fun’s Massive $12 Million Buyback Move

PUMP Token Defies Market Gravity with Double-Digit Surge

Massive Buyback Fuels Rally

Pump.fun just deployed a staggering $12 million treasury war chest to execute one of the most aggressive token buybacks the meme coin space has seen this cycle. The move instantly propelled PUMP token prices upward by a solid 10%—because nothing says 'sound investment' like artificial scarcity engineered by the same platform that minted the asset.

Market Reacts with Speculative Frenzy

Traders piled into PUMP almost instantly after the announcement, driving trading volume up by over 300% in under an hour. The buyback effectively reduces circulating supply while signaling strong—or desperately optimistic—confidence from the project's own team.

Finance Purists Roll Their Eyes

Another day, another token doing financial gymnastics to pretend it’s not just digital confetti. Still, you can’t argue with green candles—even when they’re painted with company money.

PUMP Price Increases even with market correction

After the news of the buyback, PUMP recovered at the support of $0.0040 to trade at approximately 0.004406 on September 4. This 10% increase was against the backdrop of the overall crypto market losing 2.2% of its capitalization, and PUMP was among the few altcoins that have performed positively.

Pump.fun also remains the leader in the memecoin space of Solana. The platform took 75% of the activity, minting almost 27,000 tokens in 24 hours with a trading volume of $403 million, significantly surpassing the competitor LetsBONK.fun by $80 million.

Project Ascend Generates Long-term Hope

On top of this, Pump.fun recently introduced a new upgrade, Project Ascend, that will make token launches more sustainable. The project presents Dynamic Fees V1, a tiered fee structure that will lower fees to creators as projects scale.

The launch of Project Ascend triggered a 14% surge in PUMP price as it promises long-term benefits for streamers, startups, and creators. With buybacks and innovation combined, Pump.fun is cementing its role as the powerhouse of Solana’s memecoin ecosystem.

Also Read: PumpFun Overtakes Hyperliquid in 24 Hour Revenue Generation