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Pump.fun appears to have initiated buybacks of its PUMP token
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187,770 SOL (~$31.3M) moved to a buyback wallet
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$19.3M already spent repurchasing nearly 3B PUMP at $0.0064 average price
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Buybacks follow reports of potential revenue-sharing with token holders
Buyback Funded by Platform Fees
Meme-coin launchpad Pump.fun is reportedly using a portion of its platform revenue to buy back its native PUMP token, marking a major post-ICO move aimed at supporting token value and community confidence. Onchain data from Solscan shows that approximately 187,770 SOL (worth $31.3 million) was transferred to a buyback wallet, with $19.3 million already used to purchase nearly 3 billion PUMP tokens at an average price of $0.0064.
This activity comes less than a week after the project’s token launch, which raised $600 million in just 12 minutes and valued PUMP at a fully diluted market cap of $4 billion.
Boosting Value and Building Loyalty
Pump.fun had previously hinted at sharing protocol revenues with token holders. Delphi Digital estimated the platform could allocate up to 25% of its fee income—derived from both launchpad and AMM services—toward token buybacks. Based on current volumes, this could translate to $134 million in annual PUMP purchases.
The move appears designed to maintain momentum following the token’s debut and to incentivize long-term holding in the face of growing competition. Rival launchpad LetsBonk has recently gained traction, outpacing Pump.fun in fees and token graduations.
