PUMP Price Falls 13% Despite $31.3M Buyback From Platform

• The Pump.fun (PUMP) token has dropped over 13% in the last 24 hours amid heavy selling pressure
• This decline comes despite the platform recently initiating a massive $31.3 million token buyback program
• While the price is down, daily trading volume has surged by 24%, showing high market activity

The price of PUMP, the native token of Solana-based memecoin platform Pump.fun, fell 13.57% over the past 24 hours to trade at $0.003727. The decline saw the token move from a high above $0.00444 to a local low near $0.00371, reflecting an ongoing wave of selling pressure after recent gains.

Despite the price downturn, trading activity for PUMP remains high. The daily volume increased by 24.77% to reach $692.38 million, while its market capitalization dropped in line with the price to $1.31 billion. The token’s volume-to-market cap ratio stands at a high 52.5%, indicating very active trading.

A $31.3M buyback effort provides context

This recent price fluctuation followed a spike to $0.0067 on Tuesday, a move driven by a significant buyback effort from the platform itself. The Pump.fun team transferred 187,770 SOL, equivalent to $31.3 million, to a dedicated wallet for purchasing PUMP at an average price of $0.0064. 

Related: PUMP Is Down 15%, But Why Are Traders Betting $674 Million on It in the Futures Market?

That action sent the price up by 17% on that day. In addition to this large one-time buy, the Pump.fun platform has pledged to allocate 25% of all its protocol revenues to ongoing buybacks. On July 18, the platform reported daily fee earnings of $968,000.

PUMP token’s recent ICO and exchange listings

The PUMP token launched with major momentum after raising $600 million through its initial coin offering, which covered 15% of the token’s 1 trillion total supply. An additional 18% was previously sold during a private sale at a fully diluted valuation of $4 billion. PUMP’s price reached over $0.006 shortly after its launch, though it has since corrected.

To expand accessibility, LCX Exchange listed the $PUMP/EUR trading pair on July 18, with deposits for the token opening the same day. This marked an additional step in expanding accessibility to the token.

New platform features aim to add utility

In addition, Pump.fun, which gained visibility earlier this year as a memecoin launchpad, has been expanding its protocol features. 

Related: Pump.fun (PUMP) Price Prediction for July 14, 2025: Wild Reversal Follows Historic $600M ICO Frenzy

On Friday, co-founder Alon Cohen introduced a “community takeover” feature that allows users to redirect creator fees to contributors of inactive projects. The platform also announced the acquisition of Kolscan, a Solana-based wallet tracker for onchain trader monitoring.