Pumpfun is spending another 10 million dollars on buybacks! PUMP rose by 4%, firmly maintaining its position as the dominant Solana meme launch platform.

The largest meme coin launch platform on the Solana ecosystem, Pumpfun, announced that it used almost all of its revenue (approximately $10.66 million) last week to repurchase its native Token PUMP, driving the price to rise 4% in a single day. As of now, the platform has repurchased a total of $58.7 million PUMP, accounting for 4.26% of the circulating supply. Pumpfun currently holds 84.1% of the market share among similar platforms, with a 24-hour trading volume reaching $781 million, continuing to dominate the meme coin launch market.

[Huge buybacks continue to advance, with a total of $58.7 million in PUMP purchased]

From August 20 to 26, Pumpfun will use all its revenue of $10.675 million to buy back PUMP Tokens. So far, the platform has repurchased a total of $58.7 million in PUMP, accounting for 4.3% of the total supply (total supply of 1 trillion, circulating supply of 35.4 billion). This is another significant buyback move following the platform's announcement two weeks ago to buy back $33 million in PUMP (which then accounted for 1% of the total supply).

[The buyback effect is evident, PUMP price rebounds 20%]

Driven by the repurchase news, the PUMP price rose by 4% during the North American trading session to $0.003019, with a cumulative rebound of 20% over the past two days. According to TradingView data, the average trading volume of PUMP has increased by 17% in 24 hours, reaching $226.3 million. Although the Token is still down 55.7% from its historical high on July 16, it has entered a sideways consolidation phase since hitting a low of $0.002283 on July 29. Ongoing repurchases effectively alleviate market selling pressure and provide support for the price.

[Market share over 84%, solid leading position]

Jupiter data shows that Pumpfun currently holds 84.1% of the Solana meme launch platform market. In the past 24 hours, the platform's trading volume reached $781 million, attracting 413,000 traders. Its closest competitor, LetsBONKfun (supported by the Bonk Token), had a revenue of $5.31 million during the same period, with a market share of approximately 5.72% and 33,300 users.

Pumpfun has recently established the Glass Full Foundation to provide liquidity support for high-quality meme projects, further solidifying its leading position. In the past 24 hours, the number of tokens created on Pumpfun has reached 25,354, far exceeding the 419 on LetsBONKfun.

[Conclusion: Buyback strategy + ecological construction dual drive, PUMP value continuously supported]

Pumpfun not only directly reduces market circulation by massively using platform revenue for Token buybacks, but also conveys long-term confidence to the market. Combined with its absolute share in the meme launch market and continuous growth in ecological investments, the medium to long-term value of the PUMP Token has clear support. Investors can pay attention to the subsequent buyback execution, changes in platform revenue, and the overall market heat of the Solana meme sector to seize investment opportunities between short-term fluctuations and medium to long-term trends.