Pump.fun has spent over 62.6 million USD to acquire more than 16.5 billion PUMP tokens, at an average price of 0.003785 USD/token to reduce selling pressure and stabilize the price. This strategy is funded from platform revenue, mainly from memecoin issuance fees, with a daily buyback of 1.3–2.3 million USD. To date, Pump.fun has generated over 775 million USD in revenue, despite having witnessed a sharp decline at the end of July.
The acquisition campaign helped PUMP increase by more than 12% in the past month and 9% in the past week, currently trading at 0.003522 USD, up 54% from the August low. The number of wallets holding PUMP exceeds 70,800, of which small wallets account for 46%, reflecting the expansion of retail investors.
Although it has regained the number 1 position in the Solana memecoin market with a 73% market share, Pump.fun still faces a class-action lawsuit worth 5.5 billion USD, accused of creating a "fake frenzy" and operating as an "unlicensed casino."
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Pump.fun raised over 62 million dollars to acquire PUMP to stabilize the price.
Pump.fun has spent over 62.6 million USD to acquire more than 16.5 billion PUMP tokens, at an average price of 0.003785 USD/token to reduce selling pressure and stabilize the price. This strategy is funded from platform revenue, mainly from memecoin issuance fees, with a daily buyback of 1.3–2.3 million USD. To date, Pump.fun has generated over 775 million USD in revenue, despite having witnessed a sharp decline at the end of July.
The acquisition campaign helped PUMP increase by more than 12% in the past month and 9% in the past week, currently trading at 0.003522 USD, up 54% from the August low. The number of wallets holding PUMP exceeds 70,800, of which small wallets account for 46%, reflecting the expansion of retail investors.
Although it has regained the number 1 position in the Solana memecoin market with a 73% market share, Pump.fun still faces a class-action lawsuit worth 5.5 billion USD, accused of creating a "fake frenzy" and operating as an "unlicensed casino."