Pump.fun has executed over $62.6 million in buybacks of its native PUMP token, repurchasing more than 16.5 billion coins at an average price of $0.003785, according to Dune Analytics. The initiative is funded by platform-generated revenue, particularly fees from users launching memecoins, and has driven daily buybacks ranging from $1.3 million to $2.3 million.
Since its launch, Pump.fun has generated over $775 million in revenue, though a sharp dip was recorded from July 28 to August 3, when weekly revenue fell to just $1.72 million, its lowest since March 2024.
Despite the decline, the buyback strategy is showing results. PUMP has gained more than 12% in the last month and 9% in the past week. The token is currently trading at $0.003522, up 54% from its August low of $0.002282. Analysts say the buybacks highlight Pump.fun’s commitment to long-term token value support, even amid fluctuating revenue.
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