Pump.fun accelerates token buyback strategy, reducing PUMP circulating supply to 22.98%

According to Phemex, Pump.fun has executed a series of token buybacks totaling approximately $28.2 million, significantly reducing the circulating supply of the PUMP token to 22.98%. Data from fees.pump.fun indicates that in the most recent buyback, the project deployed 15,052.99 SOL - equivalent to around $1.318 million - to repurchase 632.9 million PUMP tokens.

This buyback program, initiated on July 15, represents a strategic effort to contract market supply, thereby supporting the token’s long-term value proposition. The move underscores Pump.fun’s commitment to strengthening its tokenomics framework and reinforcing investor confidence amid an increasingly competitive market environment.

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