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Pump.fun Reclaims Solana Launchpad Lead With $30.6M PUMP Buybacks

Glass Full Foundation has injected $1.7 million into platform tokens to support price rallies against a backdrop of falling revenue

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Overview

  • On-chain data shows Pump.fun repurchased 7.66 billion PUMP tokens worth about $30.65 million, including 175.3 million PUMP bought in a four-hour span.
  • Aggressive buybacks reduced circulating supply by roughly 0.76% and coincided with a 16% gain for PUMP and a 20.8% surge in Fartcoin to $1.06 billion market cap.
  • Glass Full Foundation deployed nearly $1.7 million over five days to shore up selected Solana‐based tokens and bolster ecosystem liquidity.
  • Pump.fun led Solana memecoin launches with 26,795 tokens on August 12, far outpacing rival LetsBonk’s 1,580 deployments.
  • Daily platform revenues have plunged from over $7 million in January to around $250,000 by August 12, fueling concerns that buyback-driven support may lack long-term sustainability.