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Pumpfun’s $PUMP Buybacks Surpass $205 Million, Leading Solana Protocols

The platform’s buyback program has outpaced Raydium, reclaiming 13.8% of circulating supply within five months of launch.

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Summary

Pumpfun’s $PUMP buyback program has exceeded $205 million in total value, surpassing Raydium to become the highest cumulative buyback among all Solana-based protocols. Since its launch five months ago, the program has repurchased 13.8% of the circulating $PUMP supply, strengthening its position within the Solana ecosystem.

Terms & Concepts
  • Buyback Program: A process where a project repurchases its own tokens from the market, often to reduce supply and potentially increase value.
  • Circulating Supply: The total number of cryptocurrency tokens available and actively circulating in the market at a given time.
  • Solana Protocol: A decentralized application or platform built on the Solana blockchain network, known for high transaction throughput and low fees.