Pump.Fun has spent more than $ 62.6 million repurchases of its native token, Bump, according to Dune Analytics data. The repurchases have absorbed more than 16.5 billion tokens at an average cost of $ 0.003785, since the platform seeks to stabilize the price action and reduce the sale pressure.
The repurchase strategy uses income generated by the platform, mainly rates collected from users who launch Memecoins, to execute token daily repurchases. Daily repurchases have constantly varied between $ 1.3 million and $ 2.3 million during the past week, according to Dune Analytics data.
Since its launch, Pump.Fun has generated more than $ 775 million in revenues, according to Defillama data. In particular, the platform saw a strong revenue drop from July 28 to August 3. During that time, Pump.Fun brought only $ 1.72 million of weekly income, the lowest since March 2024.
Meanwhile, the repurchase initiative seems to be working. Pump has won more than 12% during the last month and around 9% during the past week. The Token is currently quoted at $ 0.003522, 54% more than its August minimum than $ 0.002282.
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The pump support count exceeds 70,000
Ochain data also show a healthy increase in user participation. The number of unique pump supports has constantly grown to more than 70,800, with smaller wallets (<10k pump) now represents 46% of the distribution. The expansion of the property indicates a growing retail commitment.
Growth occurs when the Pump. On July 7, a recently launched Solana platform called Letsbonk took first place for 24 -hour income, exceeding the pump.
According to the decentralized Solana (Dex) Jupiter exchange aggregator, Letsbonk’s domain continued during July, gaining more market share than Pump.Fun on many occasions.
Even so, Jupiter’s data suggest that Pump.Fun has recovered the number 1 place in the last seven days, the platform had a market share of 73% and recorded $ 4.5 billion in negotiation volume. In contrast, Letsbonk market share has fallen to less than 9%, with $ 543 million in volume.
Related: Fump’s private sale investors send more than $ 160 million to exchanges
Pump.fun hit with a demand of $ 5.5 billion
While Pump.fun continues to win traction, now faces serious legal pressure. A collective claim filed on January 30 accuses the platform for the use of “guerrillas marketing” tactics to generate artificial exaggeration and urgency around highly volatile tokens.
The case was amended on July 23, with the plaintiffs describing the pump. Fun as a “casino without a license.” The updated presentation compares the structure of the platform with a “manipulated slot machine”, claiming that the first participants benefit when downloading tokens in later participants. The demand alleges that the total losses of investors have reached $ 5.5 billion.
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