Pumpfun lightning buyback of 2.3 million dollars Token stimulates PUMP short-term surge of 13%

Pumpfun Lightning Buyback of $2.3 Million PUMP Token Price Short-term Soars 13% The well-known Memecoin platform Pumpfun repurchased its own Token PUMP for $2.3 million within 20 minutes early this morning, causing the price to surge by 13% instantaneously. As of the time of writing, the market cap of PUMP has rebounded to $2 billion.

As of July 16, Gate market shows that PUMP is currently priced at 0.006499 USD, with a 24-hour increase of 12.34%.

Buyback Details Disclosure The funds for this buyback come directly from the platform's fee income. On-chain data shows that this action took place after PUMP completed the largest token sale in Solana's history—previously selling 33% of a total supply of 1 trillion at a unit price of $0.004, raising $1.32 billion, with a fully diluted valuation (FDV) reaching $5.7 billion.

Market skepticism continues to ferment Despite the price rebound, industry reports indicate that PUMP has fundamental flaws: no governance rights, no revenue sharing, and no real application scenarios. Analyst IncomeSharks warns: "The project's buyback often indicates that the market's natural buying power is exhausted." At the same time, competitor LetsBonk has issued 16,797 tokens in a single month, continuously eroding Pumpfun's market share.

Risk indicators turn red

• The repurchase amount accounts for only 0.17% of the total fundraising.
• Fully diluted valuation is 28 times the actual market value.
• On-chain monitoring shows that whales sold off $12 million during the rebound.

In addition, experts remind investors to be cautious of short-term volatility risks and to note that the team still holds $800 million worth of Token that has not been released.