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

Pump.fun, a leading Solana meme coin launchpad, recently executed a substantial buyback of its PUMP token worth $58.7 million. This action has boosted the price of PUMP by approximately 4%, as confirmed on August 28th, 2025, according to market data. The buyback is expected to positively impact both Pump.fun’s token value and wider Solana ecosystem dynamics. The buyback, which reduced the circulating supply of PUMP tokens by 4.3% , demonstrates a proactive strategy from Pump.fun to increase token value and market presence.