Pump.fun Has Spent Over $62.6 Million to Buy Back Native Token PUMP

According to a report by Jinse Finance, data from Dune Analytics shows that Pump.fun has spent over $62.6 million to repurchase its native token, PUMP. The buyback has absorbed more than 16.5 billion tokens, with an average buyback price of $0.003785. The platform aims to stabilize price movements and reduce selling pressure. This buyback strategy utilizes revenue generated by the platform, primarily from fees collected on user token issuances (especially meme tokens), to conduct daily token buybacks. Dune Analytics data indicates that the daily buyback amount over the past week has consistently ranged between $1.3 million and $2.3 million. According to DefiLlama data, since the platform's launch, Pump.fun has generated over $775 million in revenue. Notably, the platform experienced a significant revenue decline between July 28 and August 3. During this period, Pump.fun's weekly revenue was only $1.72 million, marking the lowest level since March 2024. Meanwhile, the buyback plan appears to be effective. PUMP has risen by over 12% in the past month and approximately 9% in the past week. The token is currently trading at $0.003522, up 54% from its August low of $0.002282.