Ethereum News Today: Pump.fun's PUMP Token Surges 15% After $33.61M Buyback

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 4:08 am ET2min read
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Aime RobotAime Summary

- Pump.fun's $33.61M PUMP token buyback drove a 15% price surge in 24 hours, consuming 97.29% of weekly revenue.

- The buyback reduced circulating supply and reinforced market confidence, with PUMP trading at $0.004053 as of writing.

- Platform dominance grew via 73.6% share of daily memecoin launches, outpacing rivals like LetsBonk and Bags.

- Analysts predict continued buybacks could push PUMP toward higher resistance levels in Solana's competitive memecoin landscape.

Pump.fun, a Solana-based platform facilitating the creation and trading of memecoins, has seen a sharp rise in the value of its native token, PUMP, with a 15% surge recorded in the last 24 hours. The rally was triggered by a large-scale token buyback program, in which the platform repurchased $33.61 million worth of PUMP tokens between August 5 and 11 [1]. This amount represents 97.29% of its weekly revenue and 0.741% of the total 1 trillion PUMP token supply [1]. The move has been interpreted by investors as a strategic step to bolster market confidence and reinforce the platform's dominance in the memecoin launchpad space [2].

The buyback program has not only reduced the circulating supply of PUMP but also sent a strong signal to the market about Pump.fun’s commitment to stabilizing and growing the value of its token. At the time of writing, PUMP was trading at $0.004053, showing a 12% increase over the last 24 hours [1]. Analysts suggest that if the buyback trend continues, PUMP could test higher resistance levels in the near future, potentially marking a strong resurgence in the competitive “memecoin wars” on the

Solana
blockchain [1].

Pump.fun has further strengthened its market position by maintaining a high share of new token launches. On August 11, the platform launched 26,836 new tokens, which accounted for 73.6% of all memecoins created that day—surpassing rival platforms such as LetsBonk and Bags [1]. The platform’s buyback strategy appears to be working in tandem with its aggressive token creation, reinforcing its leadership in the rapidly expanding memecoin ecosystem [2].

The broader cryptocurrency market has shown mixed performance alongside the PUMP token’s rally. For instance, the

Ethereum
Foundation reportedly sold $18 million in ETH, yet the price of Ethereum still rose by 8.36% in the past 24 hours and 28.17% weekly [6]. This divergence highlights the complexity of market sentiment, where large institutional selling does not always correlate with downward price pressure. However, the Pump.fun buyback remains a more direct and targeted effort to enhance the PUMP token’s value, potentially setting a precedent for other platforms seeking to demonstrate governance and financial discipline [2].

Investor interest in Pump.fun’s actions appears to be driven by a combination of market mechanics and strategic governance. With buybacks being a common tool in both traditional and crypto markets, Pump.fun’s approach has resonated with retail investors who favor platforms that actively manage their token economics [5]. The platform’s ability to maintain a large share of new token launches further reinforces its market influence and may attract further participation from both creators and traders in the memecoin space [1].

Source:

[1] Pump.fun's PUMP Token Surged 15% in 24 Hours (https://coingape.com/pump-price-rises-15-as-pump-fun-buys-back-33-million-tokens/)

[2] PUMP Price Jumps 15% as Pump.fun Buys Back $33 Million (https://www.cryptotimes.io/2025/08/13/pump-price-jumps-15-as-pump-fun-buys-back-33-million-token/)

[5] Pump.fun Repurchases $33 Million of PUMP Tokens Boosting Price by 15% (https://coincentral.com/pump-fun-token-nears-ico-price-which-presales-could-explode-next/)

[6] Ethereum Foundation Sells $18M ETH Amid Price Rally (https://coingape.com/ethereum-foundation-dumps-18m-in-eth-as-price-nears-all-time-high/)