Pump Fun is Buying Back PUMP

The popular Solana coin launchpad pump.fun is continuing with a strategic buyback of its native token, PUMP. 

It began its PUMP buyback - effectively removing tokens from circulation - in mid-July 2025 less than a week after the ICO. Arkham Intel shows pump.fun has now bought back nearly $20M worth of PUMP which is being stored in a Squads Vault address.

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At the time of writing, PUMP is valued at $0.0032 - 53% lower than its ATH of $0.00681 in early July. It has a market cap of over $1.1B. 

PUMP is up 20% over the last 7 days. The coin surged 15% in mid-July after the previous round of buybacks.

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Pump.fun, which launched in January 2024, allows users to create tokens instantly without the need for pre-seed liquidity. It has dramatically democratised the creation of tokens and, for better or worse, is a key player in the explosive proliferation of meme coins. 

Built on the Solana blockchain, pump.fun is behind some of the most notable meme coins from this bull cycle: Fartcoin, PNUT, CHILLGUY. 

Pump.fun works through a “graduation” process whereby tokens that reach a pre-defined market cap become available to trade on the decentralised exchange PumpSwap. 

Token launches on pump.fun have an extremely high failure rate. Of the approximately 6 million tokens launched on pump.fun, less than 2% will graduate. 

Pump.fun was for a long time the dominant memecoin incubator with most token launches occurring there. However, it was recently overtaken by LetsBONK.fun, run by the BONK community. The two platforms are now closely matched.

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The pump.fun community, and PUMP token holders will be hoping that the buyback strategy will boost the token price and lead to a resurgence for the pump.fun community.

With both platforms built on the Solana blockchain, SOL holders will be encouraging healthy competition as these meme coin incubators lead to huge revenues for Solana.