PUMP Token Struggles Despite Buyback Program

[tradelikepro]

PumpFun’s PUMP token has fallen nearly 35% over the past month, underperforming the broader crypto market. The decline comes despite the platform allocating 100% of its revenue to buybacks, totaling $32.7 million in the last 30 days.

Analysts note that aggressive buybacks are limited in their effectiveness during market-wide downturns, especially when token utility is weak.