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- Pump.fun repurchased $58.7M PUMP, cutting circulating supply by 4.261%.
- PUMP price rebounded 20% amid strong trading volume and reduced selling pressure.
- Pump.fun commands 84.1% of Solana’s meme launchpad market, far ahead of competitors.
Pump.fun, the oldest and largest memecoin launchpad on the Solana (SOL) ecosystem, has completed another major buyback, repurchasing $58.7 million worth of PUMP tokens between August 20th and 26th. This represents 4.3% of the token’s total 1 trillion supply, with a circulating supply of 354 billion. The buyback program utilized almost all of the platform’s $10.65 million revenue for the week, reducing PUMP’s circulating supply by 4.261% and reinforcing the token’s scarcity.
This follows a previous $33 million buyback just two weeks earlier, highlighting Pump.fun’s commitment to stabilizing PUMP while rewarding holders.
PUMP Price Responds With Gains
The market responded positively to the buyback news. PUMP token climbed 4% to $0.003019 during late North American trading sessions, rebounding 20% over the past two days. Trading volume surged 17% in 24 hours to approximately $226.3 million. Despite a 55.7% decline from its all-time high of July 16, 2025, Pump.fun’s ongoing repurchases are reducing selling pressure and helping PUMP trade in a stable horizontal consolidation since hitting its recent low of $0.002283 on July 29.
Dominating the Solana Memecoin Market
Pump.fun continues to dominate Solana’s meme launchpad market, controlling 84.1% of market share. In the last 24 hours alone, the platform recorded $781 million in traded volume from 413,000 traders. By comparison, nearest competitor LetsBONK.fun, backed by BONK memecoin, generated $53.1 million from just 33,300 traders, accounting for 5.72% of market share.
Also Read: Pump.fun Stages $13M Comeback, Reclaims Solana’s Top Memecoin Launchpad Spot
Pump.fun’s lead has been reinforced through strategic initiatives such as the Glass Full Foundation, which provides liquidity to top meme projects. The platform also saw 25,354 token mints in the last 24 hours versus only 419 on LetsBONK.fun, demonstrating its continued dominance in attracting both developers and traders.
Pump.fun’s strategic buybacks and strong market positioning are driving renewed interest in PUMP tokens. By reducing circulating supply, boosting liquidity, and maintaining market leadership on Solana, Pump.fun reinforces its status as the premier memecoin launchpad. Investors and traders may see further upside as buybacks continue to support token value.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
