Pump.fun has repurchased over 16.5 billion PUMP tokens, spending more than $62 million to support the token’s price.
Daily buybacks are funded by platform fees and have ranged from $1.3M to $2.3M.
PUMP token price is up 54% from its August low, showing positive momentum.
Over 70,800 users now hold PUMP, with increased retail participation.
Pump.fun regained its lead among Solana launchpads with a 73% market share.
The platform is facing a $5.5 billion lawsuit alleging deceptive marketing and investor losses.
According to data from Dune Analytics, Pump.fun has absorbed over 16.5 billion PUMP tokens at an average price of $0.003785.
Source: Dune Analytics
These buybacks are funded by platform revenue, primarily generated from fees when users launch new memecoins on the site.
Daily repurchases have been consistent, ranging between $1.3 million to $2.3 million in the past week.
This steady capital injection into the token appears to be part of a broader effort to curb volatility and encourage long-term holding.
Pump.fun Has Spent More Than $62M To Buy Back PUMP Tokens
Source: Dune Analytics
Pump.fun has generated over $775 million in revenue since its launch, based on data from DefiLlama.
However, between July 28 and August 3rd, the platform recorded a notable dip in revenue, bringing in only $1.72 million, its lowest weekly revenue since March 2024.
Despite this, the token’s performance has shown signs of recovery. PUMP is up 12% over the past month and approximately 9% in the last week.
At the time of writing, the token trades at $0.003522, marking a 54% increase from its August low of $0.002282.
On-chain analytics reveal a strong uptick in user participation. Over 70,800 unique wallets now hold PUMP, with wallets holding fewer than 10,000 tokens representing 46% of total distribution.
The data indicates expanding retail interest, with smaller holders entering the ecosystem and contributing to broader token decentralization.
This growing community is crucial for sustaining the platform’s long-term success.
Pump.fun has faced stiff competition in the Solana ecosystem, particularly from rising platforms like LetsBonk.
On July 7th, LetsBonk overtook Pump.fun in 24-hour revenue, temporarily claiming the title of top Solana launchpad.
However, recent data from Jupiter, a Solana-based DEX aggregator, shows that Pump.fun has reclaimed its lead, achieving a 73% market share and processing $4.5 billion in trading volume in the past 7 days.
LetsBonk, by contrast, saw its share drop to below 9%, with $543 million in volume.
Pump.fun Has Reclaimed The Top Spot Amongst Solana Launchpads
Source: Jupiter
Amidst operational success, Pump.fun is now facing serious legal pressure. A class-action lawsuit filed on January 30th alleges that the platform used “guerrilla marketing” tactics to artificially inflate token hype and urgency.
The lawsuit was amended on July 23rd, labeling Pump.fun as an “unlicensed casino.” Plaintiffs claim that the platform’s model resembles a “rigged slot machine”, with early users profiting at the expense of latecomers.
The total alleged investor losses are reported at $5.5 billion.
Pump.fun is a Solana-based memecoin launchpad that allows users to easily create and trade new meme tokens.
As of August 2025, Pump.fun has spent over $62.6 million buying back 16.5 billion PUMP tokens.
The buybacks are intended to reduce sell pressure, stabilize the token price, and incentivize long-term holding.
The PUMP token is up 54% from its August low, showing signs of recovery due to buyback support.
A class-action lawsuit alleges that Pump.fun’s tokenomics model and marketing tactics misled investors and led to $5.5 billion in losses.
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