Pump.fun Cuts Supply with $28.2M PUMP Token Buyback

Pump.fun has significantly reduced its circulating supply of PUMP tokens by 22.98% through a series of repurchases totaling approximately $28.2 million. According to fees.pump.fun data, the latest buyback involved spending 15,052.99 SOL, equivalent to about $1.318 million, to acquire 632.9 million PUMP tokens. This strategic move, ongoing since July 15, aims to enhance the token’s value by decreasing its availability in the market.