Pump.enjoyable, the Solana memecoin launchpad, is beneath strain because it scrambles to defend its native token, PUMP, from a steep decline. In a bid to stabilize its value, the workforce has been aggressively shopping for again tokens utilizing SOL, with certainly one of its largest buybacks so far seeking to be recorded.
On August 8, on-chain tracker Arkham reported that Pump.enjoyable had despatched 33,000 SOL to the pockets it makes use of for strategic buybacks. Price $5.6 million in SOL, the launchpad is seeking to purchase roughly 1.77 billion PUMP on the present market value.
PUMP IS BUYING PUMP
PumpFun simply despatched one other $5.6M SOL to a brand new tackle the place they’re shopping for again PUMP.
To date they’ve purchased again $6.68M PUMP on this tackle, and despatched $5.72M of that to a Squads Vault.
Deal with: 88uq8JNL6ANwmow1og7VQD4hte73Jpw8qsUP77BtF6iE pic.twitter.com/i2fS7YJddt— Arkham (@arkham) August 8, 2025
In whole, that pockets has already bought $6.68 million price of PUMP, with $5.72 million of it already moved right into a Squads Vault.
PUMP Faces Strain as Presale Holders Exit and Buying and selling Quantity Declines
PUMP’s dip comes as strain mounts from insiders and huge holders offloading their tokens. Simply hours earlier than the latest buyback exercise, one other on-chain instrument, Onchain Lens, flagged a single pockets dumping 1.11 billion PUMP tokens, price round $3.79 million.
The commerce earned the vendor a $362,000 revenue, indicating the high-stakes exits occurring behind the scenes. Presale holders have additionally been quickly lowering their publicity.
Since July, practically 60% of their tokens have been offered, flooding the market with provide. In keeping with Lookonchain, one investor labeled “Whale 6wB5A2” just lately minimize losses, offloading 130 million PUMP for $424,700 in USDC at a value of $0.0033.
Whale 6wB5A2 minimize losses 6 hours in the past, promoting 130M $PUMP for 424.7K $USDC at $0.0033.
He beforehand spent 4M $USDC to purchase 1B $PUMP within the public sale, and one other 1.25M $USDC to purchase 305.68M $PUMP at $0.0041.
He nonetheless holds 1.17B $PUMP($3.92M), with a ~$898K loss.… pic.twitter.com/TgR9REgadd— Lookonchain (@lookonchain) August 8, 2025
The whale beforehand spent $5.25 million throughout a number of purchases throughout the public sale and nonetheless holds round 1.17 billion PUMP, with unrealized losses of roughly $898,000.
Pump.enjoyable has tried to counter this by introducing transparency into its financial technique. On August 4, it launched a real-time dashboard permitting customers to trace day by day income and token purchases.
introducing the pump enjoyable income dashboard
pump enjoyable's day by day revenues & $PUMP purchases can now be tracked in actual time utilizing https://t.co/fxyCTVUuBj
up to now 6 days, pump enjoyable bought ~8,740 SOL price of $PUMP, equating to 102% of whole income over that point interval. pic.twitter.com/xWxy85en7t— pump.enjoyable (@pumpdotfun) August 4, 2025
Additionally, over the previous few days, the platform has purchased again roughly 8,740 SOL price of PUMP, successfully utilizing greater than 100% of its income throughout that stretch to assist the token’s value.
On the time of writing, PUMP is buying and selling at $0.003344, up 1.6% up to now 24 hours. It has seen a 25.9% value enhance over the past seven days, outperforming the broader crypto market, which is up round 6.1%.
Nonetheless, PUMP is down over 50% from its all-time excessive of $0.006812 and sits roughly 48% above its lowest recorded value of $0.002283.
The 24-hour buying and selling quantity for the token has dropped to round $278 million, a ten.9% decline from yesterday. That dip in exercise, mixed with constant promote strain, has raised questions on whether or not the present buyback technique can maintain.
For now, Pump.enjoyable seems decided to soak up the sell-off and reassert management.
Pump.enjoyable Launches Glass Full Basis Amid Resurgence in Solana Meme Coin Exercise
Pump.enjoyable just lately launched the Glass Full Basis (GFF), a brand new initiative targeted on offering liquidity assist for promising tasks inside its ecosystem.
The inspiration is anticipated to assist stabilize the platform’s quickly evolving memecoin sector, with chosen tokens receiving ongoing capital injections to assist progress and market exercise.
The launch of GFF follows an uptick in platform momentum. After trailing behind rival letsBONK.enjoyable for a number of weeks, Pump.enjoyable regained its lead within the Solana memecoin area on August 6, outperforming throughout a number of metrics, together with buying and selling quantity, income, token graduations, and new mints.
@pumpdotfun has reclaimed the lead from @letsBONKfun in Solana meme coin exercise, topping day by day buying and selling quantity, income, and token launches.#Solana #MemeCoins https://t.co/2T5wbQjZyV
— Cryptonews.com (@cryptonews) August 6, 2025
Pump.enjoyable recorded $144.5 million in token commencement quantity that day, greater than 4 occasions that of letsBONK.enjoyable. Income additionally surged, with the platform pulling in $1.38 million, effectively forward of its competitor’s $282,000.
Pump.enjoyable leads in 24-hour buying and selling quantity, producing practically $144 million, in comparison with $19 million on letsBONK.enjoyable. It additionally outpaces in token graduations and consumer engagement.
In keeping with Pump.enjoyable, the inspiration has already began deploying capital, with early recipients receiving liquidity assist. The objective, the workforce says, is to foster essentially the most dedicated communities and assist develop the Solana ecosystem’s attain.
Regardless of its resurgence, the broader meme coin market is exhibiting indicators of fatigue, as proven in Pump.enjoyable’s month-to-month income. The income dropped to a 2025 low in July, producing simply $24.96 million, an 80% decline from its January peak.
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