The PUMP token – the native currency of the popular meme coin launch platform Pump.fun – has recorded a 7% decrease in the past 24 hours, making it one of the least effective meme tokens during a slight market recovery.
The weakening of PUMP occurs even as meme coins on the Solana network are experiencing a cycle of renewed attention over time – a phenomenon that has previously helped many tokens break out. While other meme tokens are taking advantage of this wave, PUMP seems unable to show a corresponding recovery.
Pump.fun boosts the ecosystem with GFF
Although the native token is showing signs of weakness, Pump.fun is demonstrating a long-term vision through the launch of the Glass Full Foundation (GFF) – a large-scale liquidity support program aimed at injecting capital directly into meme coin projects within the platform's ecosystem.
According to the development team, GFF is part of the mission to expand the Solana ecosystem while nurturing dynamic and organic communities – a factor considered vital for the sustainable development of meme coins.
Pump.fun emphasizes:
"The fund has started to deploy some projects that received initial support and will continue to deploy capital."
The capital allocation from GFF not only helps new tokens access abundant liquidity but also minimizes volatility, which is a significant barrier to building investor trust. GFF expects to improve market activity quality, thereby enhancing the attractiveness of new projects.
Additionally, this fund also acts as a bridge – narrowing the gap between ideas and communities, facilitating rapid technical and brand development for projects.
PUMP still fails to make an impression in the market
While the Glass Full Foundation is strategic and has the potential to reshape the Pump.fun ecosystem, the PUMP price has reacted quite indifferently, only inching up 0.8% in the past hour and trading around $0.0031.
Compared to other meme tokens in the same segment, PUMP's performance is still below average, reflecting the cautious sentiment of investors in a market that is always volatile and unpredictable.
This disappointment is even more pronounced as the Pump.fun community had high hopes for an important announcement from Alon Cohen, the platform's founder. Following Cohen's statement, whales began buying PUMP, causing the price to rise over 15%. However, the uptrend was not maintained for long.
The $12 million token buyback strategy – a long-term boost?
One of the most notable moves from Pump.fun is the announcement of plans to buy back PUMP worth up to $12 million. This initiative aims to:
Liquidity support for the token.
Increasing purchasing power through a mechanism that reduces circulating supply.
Boosting confidence in the long-term ecosystem.
However, for short-term traders, such moves are still not enticing enough. Instead, they are looking for more direct catalysts, such as major exchange listings, token burns, or free airdrop programs.
Abhi, a prominent user on X, has questioned:
"Is this an airdrop?"
The power from the supply reduction strategy
In the context of many waiting for direct incentive forms, Pump.fun has chosen a different path: token buybacks – a strategy that often has a long-term upward impact by reducing selling pressure from the open market.
Theo Arkham, this platform is currently executing PUMP buybacks worth over $5 million, following a previous buyback of nearly $7 million, part of which is held in Squads Vault – a multi-signature asset management tool on Solana.
"This is not just a temporary buying pressure – it is a continuous feedback loop. Pump buys PUMP, and that only makes the flames burn stronger," a user commented.
Although the supporting actions from the parent platform are clear and strategically deep, PUMP is still struggling to translate these initiatives into sustainable price uptrends. With competitors like BONK and DOGWIFHAT continually expanding their market shares, competitive pressure in the meme coin space is becoming increasingly fierce.
However, with strong backing from GFF and plans for large-scale buybacks, Pump.fun is laying a solid foundation for a potential recovery – if investors are willing to be patient.
