Pump.fun Spends $205M Buying Back 13.86% of PUMP Supply as Token Drops 55% to Three-Month Low

Pump.fun has spent $205 million buying back 13.86% of the PUMP token supply over the past five months—one of the largest buyback programs in Solana’s ecosystem—yet the token has fallen 55% to a three-month low as derivatives interest collapses and meme-token momentum fades.