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The post Pump.fun Raises $1.3B, Buys Back PUMP Worth $2.3M appeared first on Coinpedia Fintech News Pump.fun, the Solana-based meme coin platform, is back in the spotlight with a hefty $2.3 million buyback of its native token, PUMP, executed in just 20 minutes. The move caused a 13–15% price surge, pushing the token to $0.00656 and reigniting investor interest. But beneath the buzz, concerns over its long-term value and utility are surfacing.  This buyback comes shortly after Pump.fun’s headline-grabbing token sale, which raised $1.32 billion by selling 33% of its 1 trillion token supply at $0.004 per token. That sale pegged PUMP’s fully-diluted valuation (FDV) at a whopping $5.97 billion. The project used fees collected from the platform to fund the buyback, which acquired over 3 billion tokens, according to on-chain data from EmberCN. BREAKING: @pumpdotfun has reportedly initiated a $PUMP token buyback, purchasing approximately $2.3M in the past 20 minutes. The buyback wallet was funded via the project’s fee wallet. pic.twitter.com/S3y2D5Z57c— SolanaFloor (@SolanaFloor) July 15, 2025 While the buyback shows strong market activity, the lack of utility remains a sticking point. PUMP doesn’t offer governance rights, revenue-sharing, or any direct function within the platform. Its only role appears to be branding and speculation. As the BitMart Research report notes, this makes the token vulnerable to long-term decline and extreme price volatility. Critics like IncomeSharks also argue that selling a third of the token supply only to repurchase it days later suggests dwindling interest and possible manipulation. “Pumpfun sold tokens at $0.004 a few days ago and is now buying back these same tokens with the same money for $0.006. Crypto is not a serious industry,” said one viral post on X. Pumpfun sold tokens at $0.004 a few days ago and are now buying back these same tokens with the same money for $0.006. Crypto is not a serious industry. pic.twitter.com/T8v4hqOEBn— Beanie (@beaniemaxi) July 15, 2025 Also Read :   Top Altcoins to URGENTLY Accumulate on the Dip   , A Temporary Boost or a Bigger Plan? Though PUMP’s market cap now sits at $2.11 billion, its price is still down 4% over the past week, showing shaky momentum. The recent spike may have been driven largely by the buyback announcement and not by organic demand. Some see this as a calculated marketing move to keep attention high, especially as Pump.fun faces declining platform activity and market share.  Meanwhile, Pump.fun isn’t alone. Other projects like FET, AAVE, IOST, and ZKJ have also joined the buyback trend, raising questions about whether this is strategic financial engineering or a band-aid for deeper issues. For now, PUMP is riding the wave. But without a clear utility roadmap, its future remains uncertain. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News

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"Oil Talk" has a saying: It is also pleasant to learn from the old and learn from the new. $soon This project is quite interesting, there have been three fraudulent injections. Now spend money to make the formula a piece of news, and want to cut another wave? It took a few days for this injection to find out the reason, and the summary is that there are large accounts that go to other exchanges to sell. This TM even has to check his own chip structure for a few days, and you still expect him not to zp you? Isn't this the same as the previous shell scam? So, @liangfenxiaodao straight dry. 0.17168 is 4000 empty $soon . I hung up the stop loss, @soon_svm you can't up. Hee-hee!