Leading Solana token launchpad pump.fun’s aggressive token repurchase strategy has reached a new benchmark, with total $PUMP buybacks surpassing $150 million in just over three months. According to pump.fun’s fee dashboard, the platform has repurchased approximately 9.6% of its native token’s total supply, positioning $PUMP among the most heavily supported assets in the Solana ecosystem.
This achievement makes pump.fun only the second Solana-based project to reach such a level of buyback activity, trailing Raydium’s lifetime total of more than $200 million. The scale of the repurchases highlights pump.fun’s commitment to maintaining liquidity and supporting token value amid market uncertainty.
The buyback momentum reflects both the platform’s strong revenue base and its willingness to reinvest in its ecosystem. Data from Dune Analytics shows that pump.fun’s cumulative revenue now stands at $883.5 million, with daily revenue averaging around $860,970.
Expansion Through Padre Acquisition
In a move to diversify its offerings, pump.fun has acquired Padre, a leading multichain trading terminal that supports Solana, Ethereum, BNB Chain, and Base. The acquisition aims to enhance trading efficiency and deepen liquidity for tokens launched through pump.fun.
The platform described Padre as having “the best user experience” and “most rewarding cashback & competitive fees”.
This move reflects Pump.fun’s push to broaden its revenue streams, expand its product suite, and consolidate control over the key components of the trading ecosystem. The company began this effort with the launch of its PumpSwap AMM, followed by the acquisition of kolscan, and more recently the launch of Pump Screener, an analytics product aimed at competing with Dexscreener. Additionally, revenue from the newly integrated Padre terminal has already started contributing to buybacks, highlighting how the expansion ties directly to pump.fun’s capital recycling model.
Padre shortly became the second-largest trading bot on Solana by volume and market share following its integration with pump.fun, overtaking competitors such as Photon and GMGN.
However, the acquisition has not been without controversy. pump.fun’s initial announcement on X stated that the $PADRE token “will no longer have utility on the platform,” leading to backlash from existing holders.
In response, Padre confirmed that token holders from an October 24 snapshot would receive $PUMP tokens as compensation, with claims open until December 30, 2025.
This transition effectively merges the Padre user base into the broader pump.fun ecosystem while rewarding early supporters with ownership in the larger platform.
Winning the Launchpad Wars
Pump.fun continues to dominate the Solana launchpad sector. The platform accounts for 100% of all token graduations on Solana over the past 24 hours, with 98 tokens graduating in that period alone. Competing platforms have recorded no token graduations over the same period, indicating pump.fun’s firm control of the market.
Pump.fun’s recent surge also highlights a shift in the competitive landscape. The platform reclaimed the top position after its dominance was challenged by the memecoin season on Binance Smart Chain, where Four.meme surpassed pump.fun across key metrics for more than a month. That period of BSC-led momentum now appears short-lived, as Pump.fun has once again outperformed Four.meme in seven-day revenue.
According to Dune data, pump.fun’s share of the Solana token creation market remains above 90%, reinforcing its leadership even as new entrants struggle to gain traction.
Navigating a Tricky Memecoin Market
The Padre acquisition and ongoing buybacks come as pump.fun navigates a subdued market environment. The memecoin craze that defined much of 2024 and early 2025 has cooled, leading to a decline in user activity and transaction volumes.
Pump.fun’s monthly revenue in July fell below $20 million, representing an 87% drop from its January peak of $137 million, based on DefiLlama data. Although the platform recovered slightly in subsequent months, revenue remains well below late-2024 levels.
Despite this slowdown, pump.fun continues to invest heavily in ecosystem development. The company’s integration with Padre suggests a pivot toward strengthening revenue streams, improving user trading tools, and expanding beyond its original memecoin launchpad model.
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