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Pump.fun Repurchases $1.28M in PUMP Tokens, Total Buybacks Reach $131.5M

Pump.fun Repurchases $1.28M in PUMP Tokens, Total Buybacks Reach $131.5M

Pump.fun's ongoing buyback program has reduced the circulating supply of PUMP by 8.672%, with a total of $1.406 billion repurchased since July 2024.

SOL

Summary

Pump.fun spent 5,713.17 SOL (about $1.158 million) on October 15 to repurchase 290.2 million PUMP tokens. Since initiating buybacks on July 15, the platform has repurchased a total of $1.406 billion worth of PUMP, reducing the circulating supply by 8.672%.

Terms & Concepts
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions, smart contracts, and decentralized applications.
  • Token Buyback: A process where a platform purchases its own issued tokens from the market, often to reduce supply and potentially impact price.
  • Circulating Supply: The total number of cryptocurrency tokens that are available for trading and not locked or reserved.