PUMP Token (PUMP) Skyrockets 30% Overnight as Retail FOMO Fuels Frenzy

Retail traders are piling into PUMP Token like it's 2021 again—and the charts show it. The meme coin ripped 30% in 24 hours as speculative cash flooded the market.

The Retail Stampede

Small wallets are driving this rally, chasing gains while Wall Street hedgies nap on their yachts. No fundamentals? No problem—just pure, uncut momentum trading.

Caveat Emptor

Remember: what pumps fast often dumps faster. The last suckers holding the bag usually aren't the ones reading price alerts. DYOR before joining this casino—unless you enjoy donating to crypto sharks.

TLDR

• Pump.Fun executed a $19.2 million buyback program, repurchasing 3.196 billion PUMP tokens
• The buyback caused PUMP price to rally nearly 30% to $0.0068 after initial post-ICO selloff
• Token holder count tripled from 10,000 to 33,000 addresses in two days showing retail interest
• Trading volume surged 140% to $1.32 billion following the buyback announcement
• Pump.Fun allocated $30.53 million total for the buyback program with remaining funds available

Pump.Fun’s PUMP token experienced a sharp price increase following the platform’s execution of a buyback program worth $19.2 million. The Solana-based memecoin launchpad repurchased 3.196 billion PUMP tokens, driving the price up nearly 30%.

🔥 Pumpfun (@pumpdotfun) has bought back 3.196B $PUMP ($19.2M)!

8 hours ago, they launched an open-market buyback using fee revenue, sending 187,770 $SOL ($30.53M) from their fee accounts to “3vkpy5” to accumulate $PUMP.

So far, 118,350 $SOL ($19.2M) has been used to buy 3.196B… pic.twitter.com/9Ht1OTaiq0

— Spot On Chain (@spotonchain) July 16, 2025

The buyback program was funded with $30.53 million, equivalent to 187,770 SOL tokens. Blockchain analytics platform Spot On Chain reported the purchases were made at an average price of $0.006 per token.

PUMP initially dropped 13% on Hyperliquid DEX when spot trading began after the July 12 ICO. The token fell to $0.005 before recovering during the buyback period. This represented a 30% premium above the ICO price of $0.004.

The ICO raised $600 million in under 15 minutes despite initial skepticism from the crypto community. Some participants sold their tokens immediately when trading went live, causing the initial price drop.

Retail Interest Grows

The number of PUMP token holders increased threefold over two days, rising from 10,000 to 33,000 active addresses. Most new holders purchased 10,000 tokens or fewer, indicating strong retail participation.

Trading volume jumped 140% to $1.32 billion following the buyback announcement. The token briefly pushed PUMP’s market cap above $2.4 billion, temporarily surpassing BONK in valuation.

Pump.Fun historically sold SOL tokens through Kraken exchange, cashing out over 4.1 million SOL worth more than $740 million since May 2024. The crypto community previously criticized this practice as extractive.

The platform changed its approach by implementing the buyback program. The company spent 111,953 SOL ($18.3 million) to repurchase tokens, with approximately 69,420 SOL ($11.48 million) remaining for future buybacks.

Price Recovery and Market Response

PUMP recovered to $0.0068 at press time, representing a 30% gain from its post-ICO low. The token had initially plunged 75% from $0.0072 to $0.005 within hours of launch due to selling pressure from whale wallets.

Critics pointed out that Pump.Fun sold PUMP at $0.004 during the ICO only to repurchase at $0.0064, creating a 60% markup on its own supply. Some market participants labeled this as financial engineering.

The platform allocated 35% of transaction fees to support PUMP price through the buyback mechanism. This strategy mirrors traditional stock buyback programs used by public companies to reduce share supply.

Market analysts noted that 340 whale wallets controlled over 60% of presale allocations, creating volatility concerns. The concentration of tokens among large holders adds exit risk for smaller investors.

Competitors like LetsBONK.fun generated $13.2 million in fees during July, compared to Pump.Fun’s $2.21 million in June. The competitive landscape continues to evolve with new platforms entering the market.

The Fear & Greed Index reached 68, indicating “Greed” levels in the market. Analysts warn that if whale wallets begin unwinding positions, PUMP could face renewed selling pressure.

At press time, PUMP was trading at $0.0068 with the buyback program still active and additional funds available for future token purchases.