- Pump.fun has spent nearly $95M on token buybacks, reducing the circulating supply by 6.58%.
- On-chain data reveals Pump.fun purchased 23.1 billion PUMP tokens, driving price stability.
- PUMP reached an all-time high of $0.0088, backed by continuous buyback activity.
Pump.fun continues its aggressive token repurchase strategy, with nearly $95 million spent to date. The project has successfully bought back approximately 6.58% of its circulating supply, totaling a substantial 23.1 billion PUMP tokens. This strategy has had a noticeable impact on the token’s market performance, as it recently hit an all-time high price of $0.0088.
Since initiating its buyback plan on July 15, 2025, Pump.fun has shown no signs of slowing down. The platform has been purchasing tokens daily, regardless of price fluctuations, in an effort to control supply and mitigate selling pressure. On the day PUMP reached its recent all-time high, the platform made its latest buyback of 253.8 million tokens, valued at $2.05 million. This has led to an overall reduction in supply, directly benefiting the token’s price stability.
Buyback Strategy Continues to Drive Price Action
Pump.fun’s ongoing repurchases have had a strong effect on PUMP’s price. The token’s value surged in mid-September, with a sharp rally of more than 150%, before consolidating in a narrow range of 140% to 160%. This rally was driven by strong buying momentum, likely fueled by speculative inflows or the anticipation of reduced sell pressure due to the token buybacks.
Although the price recently experienced a pullback, the Relative Strength Index (RSI) indicates neutral momentum, showing neither a strong bullish nor bearish trend. The RSI currently sits between 48 and 53, reflecting a balanced market stance. Despite the recent dip, the ongoing buyback activity suggests that the market remains optimistic about the long-term outlook for PUMP.
Platform Strategy Aims for Stability in Price and Market Sentiment
Pump.fun’s buyback strategy, which utilizes platform revenue, continues to prioritize strategic investments. The platform has made it clear that it may adjust its buyback approach at any time based on market conditions. However, for now, the platform is focused on stabilizing price action and reducing volatility in the PUMP market.
In conclusion, Pump.fun’s consistent commitment to token buybacks is beginning to reshape the token’s price dynamics. With nearly $95 million spent to repurchase tokens, the project is making notable strides in reducing its circulating supply, which could help drive price stability and confidence among investors.
