Pump.enjoyable Buys Again $6.68M PUMP in SOL Blitz – Bid for Solana Meme Management?

Pump.enjoyable, the Solana memecoin launchpad, is below stress because it scrambles to defend its native token, PUMP, from a steep decline. In a bid to stabilize its worth, the group has been aggressively shopping for again tokens utilizing SOL, with one among its largest buybacks so far trying to be recorded.

On August 8, on-chain tracker Arkham reported that Pump.enjoyable had despatched 33,000 SOL to the pockets it makes use of for strategic buybacks. Price $5.6 million in SOL, the launchpad is trying to purchase roughly 1.77 billion PUMP on the present market worth.

In complete, that pockets has already bought $6.68 million value of PUMP, with $5.72 million of it already moved right into a Squads Vault.

PUMP Faces Strain as Presale Holders Exit and Buying and selling Quantity Declines

PUMP’s dip comes as stress mounts from insiders and enormous holders offloading their tokens. Simply hours earlier than the latest buyback exercise, one other on-chain instrument, Onchain Lens, flagged a single pockets dumping 1.11 billion PUMP tokens, value round $3.79 million.

The commerce earned the vendor a $362,000 revenue, indicating the high-stakes exits occurring behind the scenes. Presale holders have additionally been quickly decreasing their publicity.

Since July, practically 60% of their tokens have been bought, flooding the market with provide. In response to Lookonchain, one investor labeled “Whale 6wB5A2” lately reduce losses, offloading 130 million PUMP for $424,700 in USDC at a worth of $0.0033.

The whale beforehand spent $5.25 million throughout a number of purchases throughout the public sale and nonetheless holds round 1.17 billion PUMP, with unrealized losses of roughly $898,000.

Pump.enjoyable has tried to counter this by introducing transparency into its financial technique. On August 4, it launched a real-time dashboard permitting customers to trace every day income and token purchases.

Additionally, over the previous few days, the platform has purchased again roughly 8,740 SOL value of PUMP, successfully utilizing greater than 100% of its income throughout that stretch to help the token’s worth.

On the time of writing, PUMP is buying and selling at $0.003344, up 1.6% previously 24 hours. It has seen a 25.9% worth improve during the last seven days, outperforming the broader crypto market, which is up round 6.1%.

Nonetheless, PUMP is down over 50% from its all-time excessive of $0.006812 and sits roughly 48% above its lowest recorded worth of $0.002283.

The 24-hour buying and selling quantity for the token has dropped to round $278 million, a ten.9% decline from the day prior to this. That dip in exercise, mixed with constant promote stress, has raised questions on whether or not the present buyback technique can maintain.

For now, Pump.enjoyable seems decided to soak up the sell-off and reassert management.

Pump.enjoyable Launches Glass Full Basis Amid Resurgence in Solana Meme Coin Exercise

Pump.enjoyable lately launched the Glass Full Basis (GFF), a brand new initiative targeted on offering liquidity help for promising initiatives inside its ecosystem.

The inspiration is anticipated to assist stabilize the platform’s quickly evolving memecoin sector, with chosen tokens receiving ongoing capital injections to help progress and market exercise.

The launch of GFF follows an uptick in platform momentum. After trailing behind rival letsBONK.enjoyable for a number of weeks, Pump.enjoyable regained its lead within the Solana memecoin house on August 6, outperforming throughout a number of metrics, together with buying and selling quantity, income, token graduations, and new mints.

Pump.enjoyable recorded $144.5 million in token commencement quantity that day, greater than 4 instances that of letsBONK.enjoyable. Income additionally surged, with the platform pulling in $1.38 million, effectively forward of its competitor’s $282,000.

Pump.enjoyable leads in 24-hour buying and selling quantity, producing practically $144 million, in comparison with $19 million on letsBONK.enjoyable. It additionally outpaces in token graduations and person engagement.

In response to Pump.enjoyable, the inspiration has already began deploying capital, with early recipients receiving liquidity help. The aim, the group says, is to foster essentially the most dedicated communities and assist increase the Solana ecosystem’s attain.

Regardless of its resurgence, the broader meme coin market is displaying indicators of fatigue, as proven in Pump.enjoyable’s month-to-month income. The income dropped to a 2025 low in July, producing simply $24.96 million, an 80% decline from its January peak.

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