【Crypto World】Pump.fun’s buyback plan has new developments. Yesterday alone, 8,751 SOL (approximately $1.267 million) was spent to buy back 431 million PUMP tokens. This number looks impressive, but when viewed over the entire buyback cycle, it’s even more shocking—
Since the buyback started on July 15, the project has cumulatively spent about $250 million to acquire its own tokens. As a result, the total circulating supply has been reduced by 19.449%. In other words, nearly one-fifth of the tokens have been permanently removed from the market.
Such large-scale token burning strategies are not uncommon in Web3 projects, but few execute with such intensity. Continuous token buybacks to combat inflation are indeed a positive signal for long-term token holders—although the short-term market will still be influenced by supply and demand. In the long run, a significant reduction in circulation can improve token scarcity. Of course, all this depends on the project’s ability to generate cash flow to sustain this buyback pace.
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MEVSandwich
· 6h ago
$250 million invested, burning one-fifth of the supply. This move is really aggressive.
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RugPullSurvivor
· 6h ago
Really? Burning 8751 SOL in one day? That's quite aggressive.
Circulating supply cut by nearly 20%, reminds me of the projects I got wrecked on before...
$250 million buyback? But this time, it feels like there's something real.
Destroying so many tokens, it sounds good in the short term, but the key is whether it can actually boost the price later.
Pump.fun's move this time is serious, unlike some projects that just shout slogans.
Wait, is this the same routine as those projects that promised buybacks but just walked away after the results?
Losing one-fifth of the circulating supply sounds quite supportive.
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BoredApeResistance
· 6h ago
Damn, this力度 is really intense. Dropping 250 million dollars, which is one-fifth of the circulating supply. How desperate is that?
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NFT_Therapy
· 6h ago
Wow, this力度, 250 million thrown in to destroy nearly 20%? Truly daring to play around.
Pump.fun repurchased 8,751 SOL in a single day, destroying a total of 19.45% of the circulating supply.
【Crypto World】Pump.fun’s buyback plan has new developments. Yesterday alone, 8,751 SOL (approximately $1.267 million) was spent to buy back 431 million PUMP tokens. This number looks impressive, but when viewed over the entire buyback cycle, it’s even more shocking—
Since the buyback started on July 15, the project has cumulatively spent about $250 million to acquire its own tokens. As a result, the total circulating supply has been reduced by 19.449%. In other words, nearly one-fifth of the tokens have been permanently removed from the market.
Such large-scale token burning strategies are not uncommon in Web3 projects, but few execute with such intensity. Continuous token buybacks to combat inflation are indeed a positive signal for long-term token holders—although the short-term market will still be influenced by supply and demand. In the long run, a significant reduction in circulation can improve token scarcity. Of course, all this depends on the project’s ability to generate cash flow to sustain this buyback pace.