Pump.fun Buybacks Fail to Lift PUMP Price Amid Whale Selling
PumpEnjoyable’s PUMP token has skilled an almost 35% decline in worth over the previous month, considerably underperforming the broader crypto market.
The decline comes regardless of the platform’s ongoing buyback program. This has raised questions on the effectiveness of revenue-backed assist mechanisms within the face of sustained whale promoting and a wider market downturn.
Buyback-Driven Demand Falls Short Amid Broader Sell-off
Pump.enjoyable launched its buyback program for the native PUMP token in July 2025, shortly after the token’s debut. Under this mechanism, the platform allocates 100% of its income to buying PUMP. This creates constant and substantial day by day purchase stress.
Since inception, these buybacks have amounted to roughly $218.1 million in complete purchases. The network has deployed $32.7 million in buybacks over the previous 30 days alone.
In concept, token buybacks are typically considered bullish, as they scale back circulating provide and supply sustained demand assist.
However, this aggressive, revenue-backed technique has not been enough to offset the broader market downturn’s impression. Since early October, the crypto market has confronted mounting headwinds.
The complete cryptocurrency market capitalization has declined by practically 30%, with main property resembling Bitcoin (BTC) and Ethereum (ETH) experiencing substantial losses.
PUMP has not been immune to this development. The token has dipped by roughly 35% over the previous 30 days.
“PumpEnjoyable is allocating 100% of its income to PUMP buybacks, amounting to practically $1 million in day by day purchase stress. Despite this, the token is down over 80% from its ATH and about 30% under its earlier all time low (pre-buybacks). This clearly exhibits that buybacks, irrespective of how aggressive, have restricted impression in a market downturn particularly when the token’s utility is weak or constrained,” an analyst wrote.
The downtrend prolonged additional immediately, with the altcoin falling an extra 6.9%. At press time, it was buying and selling round $0.0017, a price final seen in the course of the October market-wide sell-off.
PUMP’s challenges have been additional exacerbated by current whale exercise. One notable whale just lately deposited 3.8 billion PUMP, valued at roughly $7.57 million, into FalconX after holding the place for 3 months. This whale withdrew the tokens from Binance at $19.53 million, main to an unrealized lack of $12.22 million.
Data from Nansen signifies that, over the previous 30 days, balances of enormous traders, outlined as wallets holding greater than 1 million PUMP tokens, have declined by 13.07%. When giant holders exit positions at substantial losses, it usually displays waning confidence within the token.
Overall, PUMP’s efficiency highlights the bounds of even aggressive, revenue-backed buybacks throughout broader market downturns. As lengthy as promoting stress from giant holders persists and investor threat urge for food continues to weaken, buybacks alone are unlikely to present sustained value assist.
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