At this rate, the pump team would be buying back 50% of the circulating supply in a year.
For reference, $HYPE's buybacks are 13% of circ supply/year.
over the past week, pump fun purchased $10,657,503 in $PUMP tokens, which equates to 99.32% of total revenue for that period (Aug 20-Aug 26)
to date, pump fun has purchased a total of $58,134,191 of $PUMP tokens, offsetting 4.261% of the circulating supply
1.87K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.