- Pump.fun buybacks reach $58.7M, cutting 4.3% of PUMP’s total supply.
- Pump.fun leads Solana meme launchpads with 84.1% market share.
- PUMP price jumps 9.27% as trading volume climbs 30% to $239.8M.
Pump.fun, the meme coin launchpad built on the Solana (SOL) blockchain, has expanded its buyback program, spending almost all of its recent revenue on PUMP token repurchases. Between August 20 and 26, the platform allocated $10.65 million to buybacks, raising the cumulative total to $58.7 million.
The program has now reduced circulating supply by 4.261%, with tokens purchased representing 4.3% of the overall supply. Pump.fun has a maximum supply of 1 trillion PUMP and a circulating supply of 354 billion, leaving a wide gap between issued and potential supply.
Data from Solana’s aggregator Jupiter shows Pump.fun maintaining a dominant position in meme coin infrastructure. The platform accounted for 84.1% of market share in the past 24 hours, generating an estimated $781 million in traded volume from 413,000 active traders.
Its nearest competitor, LetsBONK.fun, reported $53.1 million in revenue during the same period, capturing 5.72% of market share with 33,300 traders. The performance gap also extends to token creation. Pump.fun recorded 25,354 token mints in one day compared to 419 on LetsBONK.fun.
Supply Reduction Strategy
The platform has adopted a consistent approach: allocating nearly all of its weekly revenue toward buybacks. For the week of August 20–26, Pump.fun allocated 99.32% of revenue to purchasing PUMP tokens.
This strategy has absorbed more than $58 million worth of tokens to date, aiming to offset the supply in circulation. The effect is a measurable contraction of available tokens, even as the larger maximum supply leaves future issuance as a variable that could affect market conditions.
Competitive Landscape
Pump.fun has also passed a move of $800 million in lifetime revenue, further reinforcing its position as the leading Solana meme launchpad. The platform’s developer-focused initiatives, such as the Glass Full Foundation, have drawn more project creators and supported continued liquidity growth.
LetsBONK.fun, despite backing from the BONK token community, has remained a distant second in both volume and activity. The scale difference underscores Pump.fun’s role as the primary venue for meme coin launches on Solana.
Price Reaction and Market Activity
Following the latest repurchase, the PUMP token recorded strong market performance. Over the past 24 hours, the token rose by 9.27% to $0.003238, lifting its market capitalization to $1.14 billion.
Source: CoinMarketCap
Trading volume also increased. Daily sales climbed to $239.84 million, representing a 30.31% rise from the prior day. The volume-to-market cap ratio stood at 20.91%, reflecting significant liquidity in active trading.
Charts show that PUMP began the day near $0.00295 before climbing steadily through U.S. and Asian sessions. The price held near session highs into the afternoon, marking one of the strongest daily performances since the launchpad’s recent buyback cycle began.
