Solana News Today: Pump.fun Launches GFF Boosting PUMP Price 34% Since August 1

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 12:02 pm ET2min read
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Aime RobotAime Summary

- Pump.fun launched GFF with $1.69M liquidity for Solana memecoins, boosting PUMP's 34% price surge since August 1.

- $6.68M buyback campaign countered whale selling, including 8.74B tokens burned, but PUMP later fell 28% to $0.0034.

- Analysts warn of fragile recovery due to low liquidity (0.25 turnover ratio) and ongoing competition from projects like LetsBonk.fun.

Pump.fun’s recent launch of the Glass Full Foundation (GFF) has triggered a notable increase in the price of the PUMP token, as liquidity injections aim to stabilize and grow the

Solana
memecoin ecosystem [1]. The initiative, announced on August 8, 2025, coincided with a 7% price spike, pushing the PUMP token to $0.003568 before slightly retreating [2]. The GFF is a dedicated fund with an initial allocation of $1.69 million across ten tokens, including TOKABU and HOUSE, to provide liquidity to selected Solana-based projects [2].

The foundation's launch has been complemented by a major buyback campaign, in which Pump.fun has spent $6.68 million to repurchase PUMP tokens. This effort has been supported by the transfer of $5.6 million in SOL to a new wallet, with $5.72 million later moved into a Squads Vault to mitigate sell pressure [1]. The buyback strategy is a direct response to increased selling activity from large holders, including a single wallet that dumped 1.11 billion PUMP tokens valued at $3.79 million in one day [1]. Over the past month, presale investors have sold approximately 60% of their supply, creating downward pressure on the token’s price.

Despite these selling pressures, PUMP has recorded a 34% price increase since August 1 [4]. Analysts, however, caution that the recovery remains fragile due to limited liquidity and a low turnover ratio of 0.25 [1]. To counter this, Pump.fun has continued its buyback and burn strategy, removing 8.74 billion PUMP tokens from circulation since early August [4].

The timing of the GFF’s launch is also critical as the Solana memecoin sector faces growing competition, particularly from projects like LetsBonk.fun, which has attracted attention through strong community engagement and strategic partnerships [2]. This competitive landscape underscores the need for sustained liquidity, governance improvements, and active community participation to ensure long-term value retention in the space.

While PUMP briefly reached a high of $0.02221 following the GFF announcement [1], it has since declined by 28% over seven days, trading at $0.0034 [1]. Daily trading volume remains strong at $300 million, indicating continued investor interest despite the volatility. Other meme coins, including Pendle and Pudgy Penguins, have also seen sharp price swings, highlighting broader uncertainty within the sector [6].

The GFF initiative is part of Pump.fun’s broader strategy to enhance investor confidence and stabilize the PUMP token. While the immediate effects of buybacks and liquidity injections have provided some relief, the long-term success of these efforts will depend on sustained market demand and the behavior of large token holders [1].

Source:

[1] PumpFun Buys Back PUMP Tokens Amid Selling Pressure from Whales

https://coinmarketcap.com/community/articles/6896421255ec7778c0d49237/

[2] PumpFun Launches Glass Full Foundation to Boost Meme Coin Liquidity

https://www.ainvest.com/news/solana-news-today-pumpfun-spends-6-68m-buy-pump-whale-selling-surge-2508/

[4] PumpFun Burns 8.74 Billion Tokens as Part of Buyback Strategy

[6] Meme Coins Face Broader Market Volatility Amid PUMP’s Decline