Thought to be "out of the game", PUMP could be the next ace in the meme coin season - Here is the reason

PUMP Token – the native coin of the famous meme coin launch platform Pump.fun – has recorded a 7% fall in the last 24 hours, becoming one of the least effective meme tokens in the context of the market slightly bouncing back.

The weakening of PUMP occurs even as meme coins on the Solana platform are experiencing a repeated cycle of heightened attention over time – a phenomenon that has previously helped many tokens break through. While other meme tokens are taking good advantage of this wave, PUMP seems to have yet to show a corresponding bounce back.

Pump.fun promotes the ecosystem with GFF

Although the native token is showing signs of weakness, Pump.fun is demonstrating a long-term vision by launching the Glass Full Foundation (GFF) – a large-scale liquidity support program aimed at pumping capital directly into meme coin projects within the platform's ecosystem.

According to the development team, GFF is part of the mission to expand the Solana ecosystem, while nurturing dynamic and highly organic communities – a factor considered vital for the sustainable development of meme coins.

Pump.fun emphasizes:

"The fund has started to implement several projects that have received initial support and will continue to deploy capital."

The allocation of capital from GFF not only helps new tokens access abundant liquidity but also reduces volatility, which is a major barrier to building investor confidence. GFF expects to improve the quality of market operations, thereby enhancing the attractiveness of new projects.

In addition, this fund also serves as a bridge – narrowing the gap between ideas and the community, facilitating projects to develop rapidly in both technical aspects and brand recognition.

PUMP has not yet made an impression on the market

Although Glass Full Foundation is strategic and has the potential to reshape the Pump.fun ecosystem, the PUMP price has reacted rather indifferently, only inching up 0.8% in the past hour and is trading around $0.0031.

PUMP Price Chart | Source: TradingViewCompared to other meme tokens in the same segment, the performance of PUMP is still below the average, reflecting the cautious sentiment of investors in a market that is always full of volatility and unpredictability.

This disappointment became even more apparent when the Pump.fun community had high expectations for an important announcement from Alon Cohen, the founder of the platform. After Cohen's statement, whales began buying PUMP, causing the price to rise by over 15%. However, the upward momentum was not sustained for long.

12 million dollar TOKEN buyback strategy – A long-term boost?

One of the most notable moves from Pump.fun is the announcement of a plan to buy back PUMP with a total value of up to 12 million dollars. This initiative aims to:

However, for short-term traders, such moves are still not attractive enough. Instead, they are looking forward to more direct catalysts, such as listings on major platforms, token burns, or free airdrop programs.

Abhi, a famous user on X, has asked a question:

"Is this an airdrop?"

The power of the supply contraction strategy

In the context of many people waiting for direct incentive forms, Pump.fun has chosen a different path: buying back tokens – a strategy that often leads to long-term price increases due to reduced selling pressure from the open market.

According to Arkham, this platform is currently executing PUMP buybacks worth over 5 million dollars, following a previous buyback of nearly 7 million dollars, part of which is held in the Squads Vault – a multi-signature asset management tool on Solana.

"This is not just a temporary buying pressure - it is a continuous feedback loop. Buying PUMP pumps, and that only fuels the fire stronger," a user commented.

Although the support action from the parent platform is very clear and has strategic depth, PUMP is still struggling to transform these initiatives into sustainable price momentum. In the context of competitors like BONK or DOGWIFHAT continuously expanding market share, the competitive pressure in the meme coin sector is becoming increasingly fierce.

However, with strong backing from GFF and large-scale buyback plans, Pump.fun is laying a solid foundation for a potential bounce back – if investors are willing to be patient.

Itadori