A strong supply-control signal has appeared, and PUMP is reshaping the supply-demand structure through continuous buybacks.

Latest data shows that yesterday, funds used 8,754.98 SOL (about $812,000) to buy back 421.5 million PUMP tokens again.
Since the repurchase started on July 15, 2025, the cumulative buyback volume has reached 125.866 billion PUMP tokens, with a total value of approximately $367 million, directly cutting circulating supply by about 35.56%.
At its core, this kind of operation is doing one thing:
Proactively shrinking the circulating float to strengthen price elasticity.
When the supply side is continuously compressed, as long as there is marginal growth on the demand side, prices often see nonlinear amplification.
But you need to clearly understand the key logic—
Buybacks can change the “structure,” but cannot determine the “trend” by themselves.
If there is no fresh capital to step in, more buybacks are only a way to delay the pace of the decline;
once market sentiment and liquidity improve, a rapid rally may form.
At the current stage, PUMP’s key is not whether it goes up or down, but the “degree of control + whether external funds follow through.”
Follow me to keep breaking down the token buyback mechanism and the logic driving prices.