Pump.fun spends $205M buying back 13.86% of PUMP supply on Solana

Over the past five months, Pump.fun has led Solana projects in PUMP buybacks, allocating $205M to repurchase 13.86% of the token’s supply. Daily fees remain around $2.7M, yet PUMP is trading near a three-month low at $0.0027, down 54.7%. Open interest in PUMP derivatives is also near an all-time low at $183M.