Pump.fun Executes $58 Million Token Buyback, Driving $PUMP Price Surge

Pump.fun, a prominent Solana-based memecoin launchpad, has undertaken a strategic buyback program for its native PUMP tokens. The initiative involved spending $58 million to purchase back over 4% of the circulating supply, resulting in a notable price increase of 4%. This move significantly reduces supply while signaling potential changes to Pump.fun’s tokenomics within the Solana ecosystem.