{"id":489827,"date":"2025-07-16T13:59:40","date_gmt":"2025-07-16T12:59:40","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=489827"},"modified":"2025-07-16T14:01:30","modified_gmt":"2025-07-16T13:01:30","slug":"pump-funs-pump-skyrockets-20-following-buyback-yet-faces-scrutiny-over-utility-concerns","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/pump-funs-pump-skyrockets-20-following-buyback-yet-faces-scrutiny-over-utility-concerns\/","title":{"rendered":"Pump fun’s PUMP skyrockets 20% following buyback yet faces scrutiny over utility concerns"},"content":{"rendered":"

PUMP, the native token of Solana<\/a>-based memecoin launchpad Pump.fun<\/a>, has experienced a significant price boost following its first-ever token buyback.<\/p>\n

On July 16, blockchain analyst Ember CN reported<\/a> that Pump.fun spent 111,953 SOL, worth $18.34 million, to repurchase 3.04 billion PUMP tokens at an average price of $0.006.<\/p>\n

According to Ember CN, the SOL used for the buyback originated from the platform's fee wallets, which totaled 187,770 SOL, valued at $30.59 million. After the buyback, Pump.fun still holds 69,420 SOL, worth $11.48 million, leaving room for further buybacks in the future.<\/p>\n

This move represents a shift from the platform's previous approach of transferring fee revenue to Kraken<\/a> for sale. Over the past year, Pump.fun has sold over $700 million worth of SOL on the open market.<\/p>\n

Instead, the platform now opts to use those funds for token buybacks.<\/p>\n

Following news of the buyback, CoinMarketCap's data<\/a> revealed a 20% price rally that pushed PUMP's value to approximately $0.006782 as of press time. This raised the token's fully diluted valuation to $6.3 billion, which makes the asset more valuable than Ethereum<\/a> layer-2 networks like Optimism<\/a> and Arbitrum<\/a>.<\/p>\n

Remarkably, the token is also among the top 20 digital assets by trading volume in the last 24 hours.<\/p>\n

Valuation concerns<\/h2>\n

Despite the impressive performance of the token, market concerns about its long-term value have begun to emerge.<\/p>\n

In a recent report, BitMart Research raised concerns<\/a> about the token's lack of inherent utility.<\/p>\n

The report pointed out that PUMP offers no governance rights, profit-sharing mechanisms, or fee returns, meaning its value primarily depends on brand hype, an unreliable driver for long-term token performance.<\/p>\n

According to the firm:<\/p>\n

\n

“The token lacks real utility or governance rights, and fear the launch is more of a liquidity exit than a long-term plan. The team\u2019s history of selling platform fees instead of supporting the community has only deepened concerns.”<\/p>\n<\/blockquote>\n

Moreover, BitMart noted that Pump.fun's dominance is being challenged by emerging platforms such as letsbonk.fun.<\/p>\n

While BitMart conceded that the BONK token also avoids offering governance or ownership, the firm noted that rival token models include built-in liquidity and deflationary mechanisms, which create market depth and price support.<\/p>\n

Considering this, the research firm concluded:<\/p>\n

“The future of PUMP depends on whether the team can build a stronger token value and regain market trust after the initial pressure.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

PUMP, the native token of Solana-based memecoin launchpad Pump.fun, has experienced a significant price boost following its first-ever token buyback. On July 16, blockchain analyst Ember CN reported that Pump.fun spent 111,953 SOL, worth $18.34 million, to repurchase 3.04 billion PUMP tokens at an average price of $0.006. According to Ember CN, the SOL used […]<\/p>\n","protected":false},"author":720,"featured_media":489840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77032,76736,6849],"tags":[75506,79513],"post_folder":[],"acf":[],"yoast_head":"\nPump.fun's ambitious buyback drives PUMP token surge despite valuation doubts<\/title>\n<meta name=\"description\" content=\"Solana-based Pump.fun's PUMP token rallies, surpasses Ethereum layer-2 networks' valuations, yet utility doubts remain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/pump-funs-pump-skyrockets-20-following-buyback-yet-faces-scrutiny-over-utility-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pump fun's PUMP skyrockets 20% following buyback yet faces scrutiny over utility concerns\" \/>\n<meta property=\"og:description\" content=\"Solana-based Pump.fun's PUMP token rallies, surpasses Ethereum layer-2 networks' valuations, yet utility doubts remain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/pump-funs-pump-skyrockets-20-following-buyback-yet-faces-scrutiny-over-utility-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-16T12:59:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T13:01:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/pumpfun-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/pump-funs-pump-skyrockets-20-following-buyback-yet-faces-scrutiny-over-utility-concerns\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/pump-funs-pump-skyrockets-20-following-buyback-yet-faces-scrutiny-over-utility-concerns\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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