Between August 5–11, Pump.fun repurchased $8.42 million worth of PUMP, reaching a total of $33.13 million since the program began. This amount accounts for 0.729% of the token’s 1 trillion total supply. The large buyback program directly contributed to the price increase by reducing supply. 

Following the buyback announcement, PUMP price rose to $0.0039772, up 27.67% week-over-week. Last month, the price had decreased by 0.61%. The recent surge significantly boosted investor confidence and market activity. 

Pump.fun Buyback Boosts PUMP Demand

On-chain data shows that this week’s buyback was among the highest since the program’s inception. Revenue and buyback data indicate a sharp increase in token demand at the beginning of August. The highest buyback value was recorded on August 10. 

The platform regained leadership in the Solana ecosystem’s meme coin launch space, surpassing LetsBonk. On August 11, Pump.fun issued 26,836 tokens, representing 73.6% of the 36,458 tokens issued that day. Bags issued 4,030 tokens in second place, while LetsBonk issued 1,813 tokens in third. 

In the past 24 hours, Pump.fun earned $1.85 million in revenue with a trading volume of $195.76 million, holding a 77.4% market share. Bags held 15.3%, and BonkFun 4.2% market share. Analysts suggest that if the current strategy continues, PUMP could test new resistance levels in the near term. 

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