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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InDeFi platform Pump.fun, a Solana-based meme coin launchpad, has failed to stabilize its native PUMP token despite a massive $350 million buyback program. New data reveals the platform removed approximately 116 billion tokens, representing 32.9% of the circulating supply, with a daily average expenditure of nearly $1 million. Despite this aggressive intervention since July 2025, the token recently plunged to record lows, trading 81% below its September all-time high of $0.0088. The failure of this strategy highlights intense selling pressure that has overwhelmed the platform's financial efforts. Analysts suggest that the lack of organic demand and fundamental flaws in tokenomics are the primary drivers behind the continued devaluation. This development serves as a cautionary tale regarding the limitations of buyback strategies in the face of weak market sentiment.