Pump.fun has launched a large-scale buyback program, purchasing 175.3 million PUMP tokens earlier today.
By Parth Dubey
Editor Hamza Tariq
Updated
2 mins read
Popular Solana-based SOL $205.6 24h volatility: 4.9% Market cap: $110.61 B Vol. 24h: $12.91 B meme coin launchpad, Pump.fun, has made another buyback move to stabilize its native token, PUMP.
Earlier today, the platform bought back 175.3 million PUMP, worth around $705,000, under its strategy to reverse recent price declines and restore confidence.
Pumpfun(@pumpdotfun) is buying back $PUMP, purchasing 175.3M $PUMP($705K) in the past 4 hours.
In total, Pumpfun has bought back 7.66B $PUMP($30.65M, 0.766% of the total supply).https://t.co/gSrNCjDzBvhttps://t.co/YmwXQyFTx2 pic.twitter.com/YWSiA5lpgE
— Lookonchain (@lookonchain) August 13, 2025
To date, the platform has repurchased 7.66 billion PUMP, valued around $30.65 million, representing 0.766% of the total supply.
The decision follows a major crypto ICO last month, where Pump.fun raised $600 million in only 12 minutes.
The buyback move coincided with a PUMP price rally, pushing it up by 16.5% in the last 24 hours. The 69th largest cryptocurrency has seen a 27% uptick in its 24-hour trading volume, currently sitting at $500 million.
Despite today’s gains, Pump.fun faces growing competition from LetsBonk, another Solana-based memecoin launchpad.
However, Pump.fun appears to have reclaimed its lead in meme token deployment, launching 26,795 tokens on August 12 compared to LetsBonk.fun’s 1,580, according to Dune Analytics.
Still, Pump.fun’s revenue has seen a significant drop since January, when daily earnings reached over $7 million. As of August 12, that figure had fallen to around $250,000.
Last week, Pump.fun launched the Glass Full Foundation (GFF), aimed at providing direct financial assistance to selected community projects.
The initiative is designed to foster innovation and strengthen the Solana ecosystem through targeted support.
On the 4-hour chart, PUMP price is pressing against the upper Bollinger Band. This suggests strong bullish momentum but also potential short-term overextension. A sustained close above $0.00410 could lead the meme coin to $0.00450.
PUMP price chart with RSI and Bollinger Bands | Source: Trading View
The Relative Strength Index (RSI) sits close to overbought territory, suggesting a possible cooling period if buying slows. Traders should watch for support around $0.00355 in case of a price drop.
PUMP is currently trading 66% down from its all-time high of $0.01214, achieved on July 13.
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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.