In our last $PUMP update on July 24, Jason, Yan and I went on Unchained with Laura Shin where we discussed what it would take for Pump to turn things around. We outlined how the platform needed to take back crypto-native flow and market share before focusing on their grander visions. This would not only help support the bleeding $PUMP price action but also reverse sentiment, helping kick off a reflexive flywheel in what’s otherwise been a pretty brutal launch.

We discussed how a large part of this strategy would likely revolve around reinvigorating excitement around Pump and its ecosystem. This meant having some of the next big memecoin runners launched there as well as allocating a larger portion of their revenues towards $PUMP buybacks to support the price and make $PUMP feel more “aligned” and less extractive, at least in the eyes of the community.

Well, since then the Pump team has since done exactly that, and quite explicitly so.

The team began using ~100% of their daily revenues to buy back $PUMP on July 28th (up from the previous