Pump.fun has taken a bold approach to supply control, allocating nearly all of its revenue to buy back the PUMP token between August 20 and 26, achieving a total repurchase of $58.7 million. This significant buyback program, which represents around 4.3% of the circulating supply, significantly reduces the number of tokens in circulation. This follows a similar $33 million buyback two weeks ago, highlighting Pump.fun’s commitment to controlling its token supply. This move has been reflected in the price and volume of the token as it rallied by 20%, reaching $0.003019 after trading was up 17% at $226.3 million. Despite the surge, PUMP is still down 55.7% from its all-time high of $0.0068 in July. Analysts suggest the buybacks have stabilized the token after a period of decline in late July. 💰