16.07.2025 08:13

Pumpfun's dramatic $19.2 million buyback of its PUMP token has sent shockwaves through the cryptocurrency market. The team unexpectedly initiated an open-market repurchase, utilizing protocol fee revenue to acquire a substantial quantity of its own token. This surprising maneuver involved transferring approximately 187,770 Solana (SOL) tokens, worth roughly $30.53 million, from their fee wallets to a newly created buyback address, identified as "3vkpy5."

This significant capital injection, totaling $19.2 million thus far, has already resulted in the acquisition of 3.196 billion PUMP tokens at an average price of approximately $0.006. Remarkably, a substantial portion of the initial SOL transfer remains unspent, with nearly $11.3 million still available in the buyback wallet for further purchases. The potential for even more dramatic price action exists if these remaining funds are deployed.

This unprecedented buyback marks a stark reversal from Pumpfun's previous strategy. For months, starting in May 2024, the project had been consistently offloading substantial amounts of SOL, totaling approximately 4.1 million SOL ($741 million) at an average price of $180, via Kraken. This consistent selling pressure had become a familiar pattern for market observers and was reflected in the token's price chart. The complete reversal of this established trend to an aggressive buyback strategy represents a significant shift in Pumpfun's market approach.

The recent buyback comes on the heels of a hugely successful presale. Just days prior, PUMP completed one of the cryptocurrency industry's largest presales, raising over $500 million in a mere 12 minutes at a price of $0.004. Despite an initial post-listing dip, typical for meme-coin launches, the massive buyback has reignited interest and momentum. Currently, PUMP is trading above $0.006, representing a 60% increase from its presale price, with significant volume observed both on-chain and across centralized exchanges. This resurgence, fueled by the protocol's direct intervention, has painted a markedly different picture than the one seen just days ago, demonstrating the profound effect of large-scale buybacks.