Pump.fun, a Solana‑based meme‑coin launchpad, appears to have started a multimillion‑dollar buyback of its PUMP token, deploying platform fee revenue to soak up nearly three billion tokens less than a week after the coin’s volatile public debut.
Onchain data from Solscan shows the project transferred 187,770 SOL — an estimated $31.3 million — to a dedicated buyback wallet late on Tuesday. Of that, 118,351 SOL, or roughly $19.3 million, has already been spent to repurchase about 2.99 billion PUMP at an average price of $0.0064 each, according to Lookonchain.
Previously, The Block reported that Pump.fun was mulling sharing protocol revenue with token holders. Blockchain research firm Delphi Digital estimated that the platform could allocate up to 25% of fee income to daily token repurchases for this revenue-sharing mechanism.
“Assuming Pump commits to using 25% of their current revenue from both launchpad and AMM operations, token holders would receive $0.369 million in daily $PUMP buying pressure, or $134.6 million annually,” Delphi Digital researchers wrote in a July 10 report.
News of the buyback sent PUMP as high as 17% on Tuesday, to around $0.0067, up from its initial $0.004 coin offering price. The public sale last weekend raised about $600 million in 12 minutes and initially valued the token at roughly $4 billion fully diluted valuation. PUMP had a $2.4 billion market cap and a $6.7 billion FDV as of writing, The Block’s price page shows.
Pump.fun’s token ICO and buyback program follow increased competition in the memecoin launchpad market. Rival platform LetsBonk recently launched to much fanfare, beating the popular Solana incumbent in daily fees and token graduations, according to The Block’s data dashboard.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
