#Pump

Trade Pump. fun now . . . strong bullish trends ❤❤❤$PUMP

𝙋𝙐𝙈𝙋 𝙋𝙧𝙞𝙘𝙚 𝙍𝙞𝙨𝙚𝙨 15% 𝙖𝙨 𝙋𝙪𝙢𝙥.𝙛𝙪𝙣 𝘽𝙪𝙮𝙨 𝘽𝙖𝙘𝙠 $33 𝙈𝙞𝙡𝙡𝙞𝙤𝙣 𝙤𝙛 𝙏𝙤𝙩𝙖𝙡 𝙎𝙪𝙥𝙥𝙡𝙮

Pump.fun token price soared more than 15% as a $33 million buyback and commanding 77% meme coin launchpad market share drove up the price.

The PUMP price increased more than 15% within a day and touched $0.0039772 after Pump.fun announced a major purchase of their tokens. According to TradingView chart, PUMP price is up by 27.67% this week but has dropped by 0.61% this past month.

However, its recent rise suggests increased bullishness among traders. The rally follows heightened market activity. It also shows the market’s confidence in the current commitment of the project’s team in buying back the tokens.

The Pump.fun platform revealed that it repurchased approximately $8.42 million worth of PUMP between August 5 and August 11. This amount represented 97.29% of its total revenue for the week.

According to the company’s data, Pump.fun has now bought back $33.13 million worth of PUMP since the program began. It represents 0.729% of the 1 trillion PUMP supply of the token.

The transaction reinforces the goal of lowering the token’s supply and boosting its value, adding to the current price rally. According to on-chain data released by Pump.fun, the current weekly buyback is among the biggest since the program was launched.

The repurchase aligns with growing trade volumes of PUMP prompted by the increased market demand. The revenue metrics and buying patterns suggest that there was a sharp increase in token buying at the beginning of August. The highest value was recorded on August 10 before a slight dip.