Pump.fun’s $31M SOL Buyback Grabs 3B PUMP, Boosts Price
Solana launchpad Pump.fun has executed a large-scale buyback of its native PUMP token, deploying 187,770 SOL (~$31 M) into a reserve wallet. On-chain data shows 118,351 SOL (~$19.3 M) was used to acquire roughly 3 billion PUMP at an average price of $0.0064. Following the announcement, PUMP spiked nearly 20%, reaching $0.00681 on July 16 before settling at $0.0063, well above its $0.004 public sale price.
Blockchain research firm Delphi Digital projects that redirecting 25% of fee revenue into token repurchases could sustain daily buy pressure of $369K (~$134.6 M annually). Pump.fun’s public sale raised $500 M in 12 minutes at a fully diluted valuation (FDV) of $4 B; FDV has since climbed to $6.5 B, with a market cap of $2.3 B.
The buyback aims to support PUMP’s price after early volatility and a 40% drop post-launch. Meanwhile, competition from rival meme-coin launchpad LetsBonk is intensifying: LetsBonk now leads Pump.fun in daily fee revenue and new token launches, as Pump.fun’s monthly volume slid from $11.6 B in January to $3.65 B in June. In response, Pump.fun acquired Solana analytics platform Kolscan and adopted time-weighted average price (TWAP) buybacks to stabilize the market.
Bullish
The SOL-funded buyback directly increases demand for the PUMP token, creating immediate upward price pressure. Delphi Digital’s projections highlight sustainable daily and annual buy pressure, underpinning medium-term support. Coupled with corporate moves—Kolscan acquisition and TWAP strategy—the initiative addresses volatility and boosts trader confidence. While competition from LetsBonk intensifies, the buyback’s size and strategic allocation suggest stronger fundamentals and potential for further gains in both the short and long term.