Pump.fun Buys Back Its Tokens At Steep Premium Despite Price Slide - FinanceFeeds

Pump.fun Boosts Token Buybacks as Solana Memecoin Market Shifts

Pump.fun executed a $11.65M buyback, acquiring PUMP tokens at 40% above current prices. Increased competition from LetsBONK and other rivals pressures Pump.fun’s market dominance. Deployers’ actions impact market trends, driving Pump.fun to adjust its strategy. Pump.fun has sharply increased its buyback program, repurchasing $11.65 million worth of tokens over a single day, at an average price of $0.0058 per PUMP token, which is 40% above the ma…

Pump.fun Buys Back Its Tokens At Steep Premium Despite Price Slide - FinanceFeeds

Solana-based memecoin launchpad Pump.fun executed one of its largest single-day buybacks on Tuesday, spending $11.65 million to repurchase its native PUMP tokens at an average price of $0.0058 — more than 40% above the current market price of $0.0039, according to blockchain analytics from a Dune dashboard compiled by pseudonymous analyst @adam_tehc. The platform has been accelerating repurchases since last month’s initial coin offering, which r…