Pump.fun Token Buyback Program Destroys Tokens Worth Over $280 Million

Project Progress Overview

According to the latest data, Pump.fun spent 15,052.99 SOL (approximately $1.318 million) to buy back 632.9 million PUMP tokens.

Long-Term Strategy Outcomes

Since launching the buyback initiative on July 15, the platform has destroyed PUMP tokens worth around $282 million, significantly reducing market circulation.

Market Impact Analysis

• Circulating supply reduced by 22.979%
• Investor confidence continues to grow
• Community remains optimistic about ecosystem development

This initiative has not only increased token scarcity but also further promoted the healthy development of the ecosystem.