Pump Price Soars 4% After Pump.fun Buys Back Massive $58 Million Worth of Tokens

The Pump.fun platform, a leading memecoin launchpad on the Solana blockchain, has once again demonstrated its commitment to managing circulating supply with another major buyback program. During the week of August 20-26, the company repurchased an impressive $58.7 million in PUMP tokens with its weekly revenue, boosting the token’s price by a remarkable 4%. This strategic move resulted in the platform buying back a significant portion of its circulating supply – now at 4.261% of total tokens.