Pump.fun Buys Back $58 Million Worth of PUMP Tokens
Pump.fun, the oldest and largest meme coin launchpad on the Solana ecosystem, has announced a new massive buyback of its tokens. During the past week, between August 20 and 26, the platform dedicated almost all of its revenue, totaling $58.7 million, to the token buyback program.
These purchases have reduced the circulating supply of PUMP tokens by 4.261%. This represents nearly 15 billion tokens removed from circulation. The operation had a direct impact on the price with a 4% increase, reaching approximately $0.003019 during the last North American trading session.
Bullish Trend for the PUMP Token
This new wave of buybacks follows a 20% rebound in PUMP token prices over the last two days. Market data also shows a 17% increase in 24-hour average transaction volume, reaching approximately $226.3 million.
Although the token has still lost 55.7% compared to its all-time high in July 2025, its market capitalization remains solid at nearly $3 billion. The successive buybacks by the platform have helped to reduce selling pressure. This has allowed the price to stabilize after hitting an all-time low of $0.002283 in late July.
Domination in the Meme Coin Market
According to market data, he currently controls an approximately 84.1% market share among meme coin launchpad platforms on Solana. The platform has attracted more traders and developers than its competitors, thanks to the launch of the Glass Full Foundation to support its most dynamic projects.
With 25,354 token mints in 24 hours, compared to just 419 for LetsBONK.fun, its main challenger, Pump.fun confirms its position as the undisputed leader in the meme coin market on the blockchain Solana. The massive token buybacks only strengthen this supremacy.
How to Buy PUMP on Bitget?
PUMP confirms its position as the undisputed leader in the meme coin market and therefore a safe investment value. Don’t miss this buying opportunity on Bitget by following these simple steps:
- Sign up: Create an account on Bitget with an email address and secure password. Complete KYC verification if required.
- Deposit funds: Access the “Deposit” section and add funds via bank card (fiat) or a cryptocurrency like USDT.
- Spot Market: Go to “Spot Trading” and select the PUMP/USDT pair.
- Place an order: Choose a market order to buy at the current price or a limit order to target an entry between $0.0024 and $0.0029. Confirm the desired amount of PUMP.
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