Pump.fun Surges Amid Solana Meme Rally

Pump.fun (PUMP) has experienced a significant surge of 16.68% in the last 24 hours, driven by robust platform revenue and aggressive buybacks.

According to DefiLlama data, Pump.fun has about $85 million in 24-hour volume, $1.16 million in 24-hour revenue, and roughly $27 million in 30-day revenue, with 50% of net revenue programmatically used for buybacks and burns.

The cumulative buybacks reportedly exceed $430 million and have permanently removed over 16% of total supply, creating ongoing buy-side pressure whenever platform usage is high.