Here’s the Pump.fun ($PUMP) Price If $301M in Buybacks Keeps Rolling

Pump.fun (PUMP) is facing two forces at once. On one side, insiders have reportedly sold around $25 million worth of tokens, which has added steady pressure to the price. 

On the other side, whales have stepped in after a recent court ruling and increased their positions. 

However, the platform launched a $3 million investment arm called Pump Fund, showing it wants to move beyond pure memecoin hype and support utility projects. But the biggest headline is the scale of the buybacks.

$301 Million Deployed – Nearly 100% of Daily Revenue Used

Tanaka highlighted that Pump.fun (PUMP) has used almost all of its daily revenue to buy back $PUMP. In total, about 1,965,696 SOL has been spent on buybacks. That equals roughly $301 million deployed into the token.

Around 90.4 billion PUMP tokens have been purchased. That offsets about 9% of total supply and more than 25% of circulating supply.

On February 22 alone, the platform generated 14,714 SOL in revenue and spent 14,650 SOL on buybacks. That is nearly 100% of daily revenue going directly back into the token.

These numbers are large. But large buybacks do not automatically mean a higher price.

Is This Real Demand for PUMP or Just Sell Pressure Absorption?

The key issue Tanaka raised is whether this activity creates new demand or simply absorbs constant selling.

In the current market, even a few hundred million dollars in buybacks does not guarantee a breakout. If insiders or early holders are still selling, buybacks may only slow the drop instead of starting a rally.

Buybacks work best when revenue keeps growing and users stay active. If the platform continues generating strong daily income, it can keep supporting the token. If revenue slows, the buyback engine weakens.

Right now, the PUMP price is trading around $0.001906. Despite the heavy buyback activity, the price has not exploded higher. That tells you supply in the market is still significant.

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What Needs to Happen Next For Pump.Fun?

For a trend shift to actually happen, three things need to happen in relation to buybacks:

Revenue needs to be steady or increasing, users need to be engaged with the platform, and selling pressure needs to decrease.

If this is the case, buybacks can help to decrease supply and push prices higher.

PUMP Price Targets to Watch

If buybacks continue at this pace and platform revenue holds up, the first level to watch is $0.0022. Above that, $0.0026 becomes the next major resistance zone. A stronger push may see $0.0030 back in play.

On the flip side, if the revenue declines or the insider selling persists, the PUMP price may test $0.0017, with further support at $0.0015.

For now, the buyback engine is active. The real question is how long it can keep running, and whether it is building real demand or simply holding the line.

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The post Here’s the Pump.fun ($PUMP) Price If $301M in Buybacks Keeps Rolling appeared first on CaptainAltcoin.