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Pump.fun repurchased $15M worth of its token PUMP in two weeks.
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Market cap rebounded above $1B, with the token up 32% in 30 days.
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Daily revenue remains over $1M, securing Pump.fun’s lead in Solana’s memecoin sector.
Buybacks Fuel Token Growth
Solana-based memecoin launchpad Pump.fun bought back $15 million worth of PUMP tokens, helping push its market cap back over $1 billion. Buybacks were executed at premiums above market prices, compressing the gap between spot and repurchase costs.
Revenue and Volumes Stay Strong
Pump.fun has generated over $1 million in daily revenue since early August, with trading volumes topping $210 million in the past day. The platform captured 86% of Solana’s launchpad token graduations, reclaiming dominance from rival LetsBonk.
Solana Context
While Pump.fun thrives, Solana’s broader DeFi usage has slowed, with daily DEX users falling below 1 million for three straight days. The data suggests memecoin activity is becoming increasingly concentrated around Pump.fun.
