Pump.fun has repurchased over $400 million worth of PUMP tokens, resulting in a total platform revenue of $1.05 billion

According to The Defiant, Pump.fun, the Solana Meme coin issuance platform, has repurchased over $400 million worth of PUMP tokens, involving approximately 145.5 billion PUMP tokens. The repurchase plan is scheduled to start in July 2025 and last for 346 days. Starting from April, Pump.fun will allocate 50% of its net income towards repurchases and disposals, while the remaining revenue will be used for operations, recruitment, and acquisitions. Since its launch in January 2024, the platform has generated approximately $1.13 billion in expenses and $1.05 billion in revenue, with expenses dropping to approximately $23.5 million in the past 30 days.