Pump.Fun Reports Consistent Revenue Growth
Pump.Fun, a meme token platform on Solana, has exceeded $40 million in revenue for the second month in a row. Its native token, PUMP, rose over 25% in the last 24 hours. The token currently trades at $0.006578, according to CoinMarketCap data.
GLC Research reported that Pump.Fun earned more than $130 million in January and over $80 million in February. Since March, monthly revenue has stabilized around $40 million. The only significant drop occurred in July during the “Bonk War.” Revenues quickly recovered and stayed above $40 million in August and September.
Buyback Strategy and Market Impact
GLC Research highlighted that the July revenue dip was due to incentives and competition with $BONK. Pump.Fun now follows a 100% buyback policy. At the current rate, annual revenue could buy back nearly 30% of the circulating supply within a year. So far, about 7% has been repurchased.
The platform holds a large cash reserve between $1 billion and $1.5 billion, against a $2 billion market cap. No new tokens will unlock until July 2026, which many view as a bullish sign.
GLC data shows Pump.Fun has completed over 619,000 SOL in purchases, worth approximately $122 million. This has reduced nearly 8% of the circulating supply.
Market Stability and Token Performance
CoinGlass data indicates that Pump.Fun’s funding rates have dropped since July’s volatility. Traders no longer pay high premiums to hold positions. This suggests PUMP’s price gains come from real buying, not risky borrowing.
Since early September, PUMP climbed from $0.004 to over $0.008 before easing slightly. It remains strong above $0.006 after the correction.
Pump.Fun’s steady revenue, ongoing buybacks, and large cash reserves support a positive outlook if the crypto market maintains momentum.
