Pump.fun burn-and-buyback cut PUMP supply by 30% wit $335M buybacks
Pump.fun, di Solana memecoin launchpad, dey continue dia “burn-and-buyback” program for PUMP.
Data for fees.pump.fun show sey yesterday Pump.fun spend 10,705.5 SOL (about $962K) to buy back 511.7 million PUMP tokens. Since July 15, the total buyback-and-burn matter don reach 107,892,506,947 PUMP tokens, worth about $335.2M, wey don cut PUMP circulating supply by 30.478%.
For traders, wetin matter na the ongoing PUMP buyback signal from Pump.fun, wey fit reduce sell pressure. The daily SOL cost still give one trackable pace to watch. Keep eye whether buyback intensity go steady as liquidity and memecoin sentiment change; buybacks alone no fit replace demand from real platform usage.
Neutral
Dis news dey small-kinda supportive for PUMP from supply side, because Pump.fun dey continue dey do buyback-and-burn wey dey cut the circulating supply (about 30% cut) and e fit mechanically reduce sell pressure. The new detail about the daily pace (10,705.5 SOL for the latest buyback) still dey help traders watch whether the program dey consistent. But long-term price effect go depend on whether wider demand for PUMP and Pump.fun usage go remain. Supply cuts no dey guarantee steady inflows; if memecoin sentiment or liquidity weak, traders fit still sell even with the burn-and-buyback. So the net effect on PUMP na neutral rather than clearly bullish or bearish.