Pump.fun has repurchased $350 million worth of its native PUMP token since July 2025, eliminating roughly 116 billion tokens about 32.9% of the circulating supply from the open market. Despite this aggressive buyback campaign averaging nearly $1 million daily, the Solana-based meme coin launchpads token continues to bleed value, recently hitting all-time lows and sitting 81% below its September peak of $0.0088.
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