Pump.fun, a Solana memecoin creation platform, has already bought back more than 12.9% of the total supply of pump.fun (PUMP) tokens.
The platform has a PUMP buyback program funded by 30% of commissions generated by memecoin launches on Solana, implemented since the token’s launch at the end of July.
According to the data available in the Pump.fun control panel, the team has allocated 1,051 million solana (SOL) to buybacks, the equivalent of 196.2 million dollars.
60% of these tokens are burned, while 40% is allocated to deliver staking rewards.
This program intensified over time, partially reducing the number of tokens in circulation and partially generating sustained buying pressure, which can influence price behavior.
In the last week, PUMP has seen an increase of around 21%, as seen in the following graph:
The token has a maximum supply of 1 billion units, as reported by CriptoNoticias. It is distributed as follows: 33% for the ICO, 24% for community and ecosystem initiatives, 20% for the team, 13% for existing investors, 2.4% for the ecosystem fund, 2% for the foundation, 3% for live broadcasts and 2.6% for liquidity and exchanges.