$PUMP Rockets 20%—Is the Team’s Massive 3 Billion Token Buyback a Game-Changer or Just the Beginning?
Ever wonder what happens when a meme coin launchpad decides to play the buyback game—big time? Well, Pump.fun just flipped the script by deploying a staggering 118,351 SOL, scooping up nearly 3 billion PUMP tokens at an average price of $0.0064. The result? A jaw-dropping 20% surge in $PUMP’s price, briefly nudging its market cap past the $2.4 billion mark and even outpacing BONK. It’s not every day you see a token rally with the swagger to overtake established players so fast—are we witnessing a new meme king in the making, or just another pump story? Let’s break down what fueled this explosive move and why it’s turning heads across the crypto playground. LEARN MORE.
Pump.fun deployed 118,351 SOL in a buyback, acquiring PUMP at an average of $0.0064.
Key Takeaways
- Pump.fun transferred $30 million to a buyback address.
- $PUMP soared on the team’s move, briefly outranking $BONK.
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PUMP, the newly launched token from prominent meme coin launchpad Pump.fun, has surged over 20% in the past 10 hours amid reports of a team-led buyback.
The rally briefly pushed PUMP’s market capitalization to $2.4 billion, overtaking BONK. However, as of the time of writing, BONK has regained its lead, according to CoinGecko data.
On-chain data tracked by Lookonchain shows that Pump.fun recently transferred 187,770 Solana (SOL) worth over $30 million to a designated buyback address. Of that, the team sold 118,351 SOL to purchase nearly 3 billion PUMP at an average price of $0.0064.
Pumpfun(@pumpdotfun) prepared 187,770 $SOL($30.6M) in fee revenue to buy back $PUMP.
So far, the buyback wallet has spent 118,351 $SOL($19.26M) to buy 2.99B $PUMP at an average price of $0.0064.https://t.co/P1uqlkfdx6 pic.twitter.com/3chMjzkPsj
— Lookonchain (@lookonchain) July 16, 2025
After an ICO over the weekend that raised $500 million, Pump.fun launched its PUMP token on major crypto exchanges on Monday.
A wide variety of exchanges now offer spot trading and deposits for PUMP, including Coinbase, Bybit, MEXC, Bitget, Gate, KuCoin, and Hyperliquid, with the latter offering up to 5x leverage on perpetual contracts.
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