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Pump.fun Conducts $58M Buyback of PUMP, Triggering Price Increase

Pump.fun Conducts $58M Buyback of PUMP, Triggering Price Increase

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by Giorgi Kostiuk

2 hours ago

Pump.fun executed a $58 million buyback of PUMP tokens, significantly impacting the market with a price increase and growing investor activity.

Buyback of PUMP Tokens

From August 20 to 26, 2025, Pump.fun, the leading memecoin launchpad on Solana, carried out a major buyback of PUMP tokens valued at $58 million. This move signals the company's commitment to supporting its tokenomics and enhancing its market position.

Market Impact

The buyback resulted in a 4% increase in the price of PUMP to approximately $0.003019. Trading volume also surged by 17%, reaching $226 million, indicating increased investor interest.

Long-Term Implications

The Solana ecosystem may benefit indirectly from the increased use of the launchpad for memecoin projects. Pump.fun currently holds an 84.1% market share in Solana's memecoin launches, solidifying their position.

The $58 million buyback of PUMP tokens carries significant implications for the market, influencing price growth and investor activity. Ongoing observations are necessary to assess long-term effects.

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