PumpFun Buys Back $11.6M in PUMP Despite Price Dip
PumpFun team repurchases $11.6M worth of PUMP tokens, bringing total buybacks to $43.3M—yet market price stays over 40% lower.
- PumpFun buys back $11.6M in PUMP on August 12
- Total buybacks now reach 7.425B PUMP worth $43.3M
- Average buyback price is still 40% above market price
On August 12, the PumpFun team made a bold move by repurchasing $11.645 million worth of its native token, PUMP. This was the second-largest single-day buyback in the project’s history, according to on-chain data from @adam_tehc’s dashboard. The large-scale buyback signals the team’s ongoing commitment to support its token, even in the face of a bearish market.
The buyback adds to the growing total: so far, PumpFun has bought back 7.425 billion PUMP tokens at an average price of $0.0058 per token. In total, the team has spent approximately $43.376 million on these operations.
Buybacks Aren’t Yet Boosting Market Price
Despite the massive scale of the buybacks, the current market price of PUMP remains more than 40% lower than the team’s average buyback price. This raises questions about the effectiveness of the strategy—at least in the short term.
The market may still be digesting earlier supply or reacting to broader crypto trends. It’s also possible that investor confidence is waiting for more utility, updates, or transparency from the team before reflecting these efforts in price action.
What’s Next for PUMP?
With over $43 million already deployed, PumpFun appears committed to stabilizing and supporting its token. Whether these moves will lead to long-term price recovery remains to be seen, but they certainly highlight the team’s willingness to invest heavily in its ecosystem.
Investors and onlookers alike will be watching closely to see whether the aggressive buybacks eventually translate into price stability—or if further actions are needed to bridge the gap between market sentiment and team efforts.
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