Pump.fun, the Solana memecoin launchpad, holds $2.838 billion in on-chain assets, including $2.19 billion in its own PUMP tokens (341.224 billion tokens). The remainder consists of approximately $390 million in SOL (wrapped and unwrapped) and $215 million in stablecoins (USDC and USDT). The platform operates a buyback-and-burn program funded by 50% of its net revenue, having destroyed over 167 billion tokens with cumulative buybacks reaching approximately $460 million by late September 2026. In July 2026, 57.28 billion PUMP tokens began linear unlocking for team members and investors. PUMP launched in July 2025 through an ICO that raised approximately $1 billion at a fully diluted valuation of around $4 billion.
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