Pump.fun intensifies PUMP buybacks as whales exit, aiming to restore price stability and strengthen investor confidence.
Glass Full Foundation boosts meme tokens TOKABU and HOUSE, driving sharp rallies and supporting market sentiment.
July’s $2.67B crypto funding surge, led by major Ethereum and Solana buys, signals strong investor appetite and sector growth.
Pump.fun is ramping up PUMP buybacks to counter mounting sell pressure from whales and presale holders. In the latest move, the platform sent $5.6 million worth of SOL to a new address for purchases.
This address has already accumulated $6.68 million in PUMP, with $5.72 million moved into a Squads Vault. The urgency comes as large holders rapidly offload tokens, threatening price stability and investor confidence.
Recently, Onchain Lens flagged a single wallet selling 1.11 billion PUMP worth $3.79 million. The seller secured a $362,000 profit, highlighting high-stakes exits behind the scenes. Since July, presale holders have sold almost 60% of their tokens, creating excess supply in the market.
Moreover, “Whale 6wB5A2” sold 130 million PUMP for $424,700 at $0.0033, despite spending $5.25 million during the public sale. This whale still holds 1.17 billion PUMP with nearly $898,000 in unrealized losses.
Pump.fun Expands Token Support Strategy
To stabilize the ecosystem, Pump.fun introduced a real-time dashboard on August 4 for tracking daily revenue and token purchases. Additionally, the Glass Full Foundation, linked to Pump.fun, has been buying other meme tokens to stimulate activity. They spent $1.69 million on meme assets, focusing heavily on TOKABU and HOUSE.
TOKABU’s price surged 40% overnight to $0.039, while HOUSE climbed to a one-month high of $0.035. The foundation still holds $352,458 for future buys, with some token purchases as small as $10,000. This selective boost contrasts with tokens promoted by Pump.fun’s CTO on social media.
Wider Crypto Funding Momentum
Beyond PUMP, the broader crypto market is attracting significant capital. In July, projects raised $2.67 billion, which is 85% of Q2’s total. This figure is 6% higher than June’s $2.5 billion, marking July as the second-strongest month after March’s $3.5 billion. Pump.fun’s presales alone drew nearly $1 billion before its token generation event.
Within the “Investments” category tracked by DefiLlama, BitMine raised $250 million to add Ethereum to its treasury. Upexi followed with $200 million for Solana purchases. Together, these deals accounted for 88% of the category’s funding.
Furthermore, stablecoin infrastructure projects secured $352.5 million. Hong Kong’s OSL Group led with $300 million for global expansion. RD Technologies gained $40 million to build regulated stablecoin issuance and distribution systems.
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