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- PumpFun token jumped 12.2% as traders responded to renewed market confidence after a major token buyback.
- A $19.26M buyback reduced supply by 2.99B tokens, helping reverse post-ICO dilution effects.
The PumpFun (PUMP) token has seen a 12.2% price surge in the past 24 hours. This surge wasn’t driven by hype, but by a fairly aggressive strategic move: a large token buyback using fee revenue.
According to data from CoinMarketCap, during this period, the PumpFun team allocated 118,350 SOL—which, when converted to dollars, is equivalent to approximately $19.26 million—to buy back 2.99 billion PUMP tokens from the market.
This move immediately reduced the circulating token supply and indirectly boosted the price. Furthermore, it also reinforced the developer’s commitment to aligning the project’s direction with the interests of its holders.
Interestingly, this buyback occurred after a sensitive market moment: on July 12th, 15% of PUMP’s total supply of 1 trillion tokens entered circulation due to the scheduled ICO unlock. This meant that selling pressure increased and became dominant.
However, a few days ago, this buyback program absorbed approximately 1.7% of the total supply, enough to generate renewed buying pressure amid a surge in trading volume, which also surged 65% to $555 million.
PUMP Rebounds as Traders Spot Opportunity and Buybacks Intensify
Before PUMP’s price rebounded, the RSI14 indicator dropped sharply to 28.6 on August 4th—the lowest level since the token’s launch. Many traders interpreted this as a sign of extreme oversold levels. Now, as of August 5th, the RSI has risen slightly to 29.47. Although still in the “cheap” zone, this is enough to trigger speculative activity among market participants.
PUMP’s price also briefly approached the key support area of $0.00277 (SMA7) before finally bouncing and rising above $0.0032. This rebound is considered a short-term trend reversal signal by some technical analysts. However, the next challenge lies at the resistance area of $0.0035 (EMA30). Can PUMP break through there? This remains a hot topic of debate in the community.
Meanwhile, beyond the major buyback, PumpFun also recently introduced a new publicly accessible revenue dashboard at fees.pump.fun. Through this dashboard, anyone can track the platform’s daily revenue and PUMP token purchase activity in real time.
In the past 6 days alone, PumpFun has purchased approximately 8,740 SOL worth of PUMP—a figure exceeding 102% of their total revenue for that period. At first glance, it seems like an all-in decision, but that’s likely exactly what they intended: to demonstrate full commitment.
introducing the pump fun revenue dashboard 🔥
pump fun's daily revenues & $PUMP purchases can now be tracked in real time using https://t.co/fxyCTVUuBj
in the past 6 days, pump fun purchased ~8,740 SOL worth of $PUMP, equating to 102% of total revenue over that time period. pic.twitter.com/xWxy85en7t
— pump.fun (@pumpdotfun) August 4, 2025
PumpFun Reinforces Its Platform With User-Led Features and Apps
Furthermore, as we previously reported, PumpFun has reactivated its livestream feature for users since last April. This move includes updated and transparent moderation rules. Interestingly, these rules were developed through direct input from users, moderators, and content policy experts.
Furthermore, in February, the CNF reported that PumpFun also launched a mobile app for Android and iOS users. This app allows users to create and trade memecoins directly from their mobile phones, with the added feature of real-time portfolio monitoring. So, it’s not just about the token; they’re also working to strengthen the ecosystem across multiple platforms.
While PUMP’s price is currently well below its July peak of $0.01214, the push from buybacks and consistent product updates could provide new fuel for the next rally.
