PUMP token buyback has become a focal point of attention, igniting debates about its effect in the market. Pump.fun, a Solana-based meme coin launchpad platform, has surpassed the $150 million mark in token buybacks in just 131 days. According to data released today by market analyst Crypto Patel, the crypto network has spent $151 million to repurchase over 30 billion PUMP tokens since the token buyback initiative started in mid-July, decreasing circulating supply by over 10.50%.
Pump.fun Buyback Strategy for Volatile Market
The buyback initiative, which started on July 15, 2025, has shown persistent token repurchasing activity, aiming to stabilize PUMP’s price and decrease sell pressure. The buyback initiative, which is financed through fees collected on the platform, was initiated after PUMP experienced a sharp 75% price plunge shortly after its token launch on July 12, 2025, triggered by aggressive short selling by whales and an increase in liquidity on CEXs (centralized exchanges). By mid-August, such buybacks had reduced the circulating supply of PUMP by 4.27%, with the latest metrics indicating 151 million spent on repurchases as of today, October 26, 2025, reducing circulating supply by 10.51%. PUMP, which reached a new ATH of $0.0088 on September 14, has been up 19.8% and 16.8% over the past seven days and two weeks, respectively, making its price currently stand at $0.004620.
The token witnessed increased volatility after its debut because of structural defects, including a 33-55% supply unlock at the debut and immediate liquidity being flowed into exchanges. The situation deteriorated as big token holders, commonly known as whales, acted rapidly, with one large investor recouping $500,000 in profits just a few hours after the launch.
Top Projects Repurchasing Their Tokens
The scale of such repurchases has put Pump.fun among the top cryptocurrency projects with the most aggressive token buybacks. Last week, on Wednesday, October 23, 2025, market analyst CoinGecko shared metrics, indicating crypto protocols that have been actively repurchasing their own tokens throughout the year. So far, cumulative volume has climbed to $1.4 billion, noted between January 1 and October 15, indicating real money flow back into various crypto networks.
The CoinGecko data identified Hyperliquid as the most aggressive buyer, with its total token purchases representing almost half of the entire buyback activity. The massive purchase of $644 million worth of HYPE tokens shows the protocol’s commitment to place a lot of funds behind its token.
With $151 million in buybacks, Pump.fun is the second-biggest buyer, highlighting its seriousness about revamping its token economics. While the third-largest buyer is LayerZero with more than $150 million in buybacks, fourth on the list is GMX, which has repurchased 13% of its circulating supply.
Crypto projects often engage in such buybacks to decrease potential selling pressure in the market and stabilize token prices. By using corporate revenues or treasury funds to buy tokens from open markets, protocols create scarcity and price support during market turbulent times.
