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Pump.fun $350 Million PUMP Buybacks Fail To Lift Token Price

Pump.enjoyable (PUMP) has spent $350 million shopping for again its personal token since July 2025, but the value sits 81% under its September all-time high and lately hit report lows.

The Solana-based meme coin launchpad now faces rising neighborhood backlash over what critics name a tokenomics construction designed for extraction moderately than progress.

Why $350 Million in Buybacks Haven’t Moved the Needle

Pump.enjoyable’s official dashboard confirms cumulative purchases of $350 million in PUMP, eradicating roughly 116 billion tokens from circulation.

Pump.enjoyable income and PUMP purchases since token launch. Source: Pump.fun

That equals about 32.9% of the circulating provide. The protocol directs practically all day by day income towards repurchases, averaging round $1 million per day.

Despite this aggressive technique, PUMP trades near $0.00165, nicely under its $0.004 ICO worth and much from its $0.0088 peak.

PUMP Price Performance. Source: TradingView

Users argue that insiders maintain roughly half the availability and sell into each buyback for exit liquidity.

“They personal 50% of the $PUMP provide they may have simply offered into each buyback as exit liquidity… Probably one of many worst tokenomic buildings within the trade,” wrote 0xSweep.

Supply Pressure and the July Cliff

Only 59% of the one trillion PUMP provide at the moment circulates. A significant unlock scheduled for July 12, 2026, will make 41% of the locked provide tradable. Founders and early buyers acquired tokens at negligible price.

On-chain knowledge from March confirmed a team-linked pockets transferring 1.75 billion PUMP to Bitget, reinforcing sell-off issues.

Meanwhile, cumulative protocol income has surpassed $1 billion in accordance with DefiLlama, but none of it has translated into sustained token appreciation.

Whether the buyback program represents real worth return or a liquidity exit ramp for insiders will depend upon what occurs when these locked tokens hit the open market this summer time.

The put up Pump.fun $350 Million PUMP Buybacks Fail To Lift Token Price appeared first on BeInCrypto.

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