Pump.Fun Token Surges 30% From Recent Lows as Platform Implements Buyback Strategy

PUMP token has rebounded sharply, climbing 30% from its July 29 low of $0.0022 after the platform committed nearly all daily revenue to token buybacks. The aggressive repurchase strategy has seen $21.5 million deployed since July 16, attracting renewed whale interest including a single $3.16 million purchase on Thursday.

The token's recovery marks a dramatic turnaround from its post-launch struggles. After peaking at $0.0068 on July 16 - a 70% gain from its $0.0040 ICO price - PUMP collapsed below its offering price within a week. The decline accelerated when co-founder Alon Cohen announced significant airdrop delays, driving the token to consecutive record lows.

Thursday's 12% surge broke PUMP out of its $0.0024-$0.0029 trading range, with the buyback program appearing to restore investor confidence. The platform's commitment to allocating virtually all revenue toward supporting the token price represents one of the most aggressive stabilization mechanisms in the current market.