Arthur Cheong reveals PumpFun has repurchased 11% of PUMP’s supply with annual buybacks projected at up to $500 million, though its price remains below public sale level.
DeFiance Capital CEO Arthur Cheong stated that PumpFun has repurchased 11% of the circulating PUMP token supply since initiating its buyback program. Annual buybacks are estimated at $400 million to $500 million. Despite these efforts, PUMP’s market price is still under its $0.004 public sale rate, indicating a continued speculative discount.