Pump.fun USD

Crypto token buybacks reached a record $638 million this year, up from $545 million during the same period last year and just $366,000 in 2024, according to a report discussed by Scott Melker on Yahoo Finance's "The Daily Wolf." Hyperliquid and pump.fun account for 90% of that total, with Hyperliquid spending $370 million and pump.fun approximately $200 million. Hyperliquid directs almost all of its platform revenue towards buying its own token, while pump.fun allocates about 50%. This marks a shift from Bitcoin treasury companies that bought Bitcoin without planning for cash flow, and from past altcoins that lacked utility. Investors increasingly favor tokens with recognizable financial value accrual, as seen when Ethena announced a similar buyback and its token rose about 20%.

Altcoins have come back to life, with total market value rising by about 215 billion dollars between August 19 and 22, pushing Total2, the combined market cap of all cryptocurrencies excluding Bitcoin, back above 1 trillion dollars. On Binance, 56 percent of altcoins are trading above their 200-day moving average, a reversal from the prior period when 80 to 85 percent of tokens were below that level. Zcash jumped 71.3 percent over the week to near 832 dollars, leading all top 50 assets, while XRP gained 48.7 percent to near 1.47 dollars and Hyperliquid added 38.4 percent to near 80 dollars. Pump.fun rose 81 percent over the week after announcing zero trading fees for tokens on Solana. Even Bitcoin and Ethereum gained more than 20 percent over the week, with Bitcoin trading near 77,000 dollars and Ethereum near 2,437 dollars.