PUMP Project Repurchases 13.8% of Token Supply Worth $205 Million

The Solana-based project’s buybacks, exceeding $205 million, have outpaced Raydium according to data from SolanaFloor.

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Summary

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Terms & Concepts
  • Buyback: A process where a project repurchases its own tokens from the market, often to reduce supply or support prices.
  • Circulating Supply: The total amount of a cryptocurrency that is available and circulating in the market at a given time.
  • Raydium: A decentralized exchange and automated market maker (AMM) built on the Solana blockchain.