Buybacks Aren’t Enough in a Downturn

[tradelikepro]

Since its launch in July 2025, PumpFun’s buyback program has spent over $218M purchasing PUMP tokens. While buybacks are generally bullish, the token remains down over 80% from its all-time high and nearly 30% below its pre-buyback lows.

This highlights that even aggressive, revenue-backed support struggles to counteract broader market headwinds.

[madtrader]

Buybacks sound bullish until price keeps bleeding anyway