Particle.news

Download on the App Store

Pump.fun Reclaims Solana Launchpad Lead as PUMP Jumps 13% on $66M Buybacks

Fee-funded buybacks alongside a surge in new token launches revived momentum after July weakness.

Overview

  • On-chain data show 18,446 tokens were deployed on Pump.fun in 24 hours versus 4,342 on LetsBonk, lifting Pump.fun to roughly 77% market share and about $4.2 billion in weekly volume.
  • Aggregate buybacks have topped $66.4 million, retiring more than 17.6 billion PUMP, with recent daily repurchases running $1.3 million to $2.3 million and $409,646 logged on Sept. 1.
  • PUMP traded near $0.0037 after a 24-hour gain of about 13%, bringing its seven-day advance to roughly 37.7%.
  • August activity reached about 1.35 million active addresses and roughly 595,000 new tokens, yet traders collectively lost around $66 million with more than 60% ending the month in the red.
  • DefiLlama estimates lifetime fee revenue at about $779 million, unique PUMP holders have surpassed 71,000, and a $5.5 billion class-action lawsuit continues to hang over the platform.