Pump.fun bought back more than 12.9% of its total PUMP token supply

Source: Criptonoticias Original Title: Pump.fun has already bought back more than 10% of its total token supply Original Link: https://www.criptonoticias.com/mercados/pumpfun-recompro-10-suministro-tokens/

• A portion of the revenue generated by pump.fun is allocated to PUMP buybacks.
• The price of pump.fun (PUMP) has increased by 21% in the past 7 days.

PUMP Buyback Program

Pump.fun, a Solana memecoin creation platform, has already bought back more than 12.9% of the total supply of pump.fun tokens (PUMP).

The platform has a PUMP buyback program funded with 30% of the fees generated by memecoin launches on Solana, implemented since the token’s launch at the end of July.

According to data available on the Pump.fun dashboard, the team has allocated 1,051 million Solana (SOL), equivalent to $196.2 million, to buybacks.

Distribution of Bought-Back Tokens

60% of these tokens are burned, while 40% is used to provide staking rewards.

This program has intensified over time, which partially reduces the amount of tokens in circulation and generates sustained buying pressure, potentially influencing the price behavior.

Recent Price Performance

In the last week, PUMP has seen an increase of around 21%, as shown in the following chart:

Total Supply Distribution

The token has a maximum supply of 1 trillion units, 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 streams
• 2.6% for liquidity and exchanges