Pump.fun's Token Value Drops 6.11% Despite $109.3M Buyback

Pump.fun's latest price was $0.006547, down 6.116% in the last 24 hours. The decentralized finance (DeFi) platform, Pump.fun, has been actively engaged in repurchasing its native token, PUMP, as part of its ongoing efforts to reduce the circulating supply and enhance the value proposition for its users. According to data from fees.pump.fun, the platform spent 8,302.6 SOL to repurchase 278.5 million PUMP tokens on September 21st. This significant repurchase initiative is part of a broader strategy that began on July 15th, during which approximately $109.3 million worth of PUMP tokens have been repurchased. This action has resulted in a 7.11% reduction in the total circulating supply of PUMP tokens, demonstrating the platform's commitment to creating a more valuable and sustainable ecosystem for its users.

In September 2025, the Pump.fun ecosystem witnessed a significant transaction when a large holder, known as a whale, acquired 1.1 billion PUMP tokens in a single purchase. This substantial acquisition generated considerable attention surrounding the token's activity and holder behavior, underscoring major movements within its user base. Demonstrating strong operational performance, the Solana-based memecoin launchpad, Pump.fun, surpassed competitor Hyperliquid in daily protocol revenue on September 16, 2025. The platform generated $3.38 million that day, highlighting its prominent position among decentralized applications facilitating token creation and exchange.

Further solidifying its position within the Solana ecosystem, Pump.fun has consistently ranked among the top performers in terms of attracting value. Recent data indicates that Solana decentralized applications collectively secured a notable monthly revenue, with Pump.fun contributing significantly to this total figure, placing it alongside other leading platforms within the network. Analysts note that the platform's recent achievements and features, including its token buyback strategy, are creating competitive dynamics within the crypto creator economy. These developments are seen as factors challenging the established dominance of other protocols focused on similar market segments.