PumpDotFun surges 56% in August alone…"Buyback effect"

Suehyeon Lee

Summary

PumpDotFun rose 56% during the month of August.
It assessed that revenue buybacks averaging 98.7% during the same period were the main factor behind the rise.
It said that token purchases totaling US$88.5 million offset 6.3% of the circulating supply, creating upward price pressure.

PumpDotFun (PUMP) rose 56% in August alone.

On the 13th (local time), Messari analyst Matthew Nei said on X, "PumpDotFun rose 56% over the month of August. This is an effect of executing revenue buybacks averaging 98.7% over the same period," he assessed.

He added, "Since July 15, the PumpDotFun team has secured a total of 386,883 SOL in revenue, and about US$88.5 million of that was used to buy PumpDotFun tokens," and "this offset 6.3% of the circulating supply and led to upward price pressure," he analyzed.

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