Pump.fun Posts $65.63 Million in 30-Day Revenue as Buybacks Near $1 Million a Day

Pump.fun generated $65.63 million in protocol revenue over 30 days, close to Hyperliquid’s $71.05 million, while spending about $29.48 million on PUMP buybacks, putting its revenue and token supply in focus.

Over seven days, Pump.fun brought in $16.63 million, ahead of Hyperliquid’s $14.3 million. The platforms have different business models, so the revenue figures do not compare equivalent types of activity. An earlier 30-day comparison covered a different period.

PUMP’s circulating market value was about $2.325 billion, against $18.198 billion for Hyperliquid’s HYPE token, a difference of roughly eightfold. Annualizing each platform’s latest 30-day revenue produces a circulating-market-value-to-revenue ratio of about three for PUMP and 21 for HYPE.

Pump.fun spent about $29.48 million buying PUMP over 30 days, or roughly $980,000 per day. That monthly spending equaled about 1.27% of PUMP’s circulating market value. The platform has bought back and burned about $484 million worth of PUMP, or 171.52 billion tokens, equal to 17.15% of total supply.

Pump.fun reduced the share of net protocol fees allocated to buybacks from 100% to 50% in April. The other half was reserved for hiring, marketing and acquisitions. Monthly buybacks had fallen to $9.2 million in June; the 30-day total later reached about $29.48 million.

The largest PUMP unlock took place July 12, when 82.5 billion tokens became available. That amount represented 8.25% of initial supply and about 20.23% of the circulating supply before the unlock. In a tracked sample of 52.7 billion tokens distributed to 84 addresses, recipients sold 4.03 billion over the next 27 days, or 7.6% of the tracked allocation.

The remaining 247.5 billion PUMP allocated to the team and early investors is scheduled for monthly releases over three years, at about 6.875 billion tokens per month. The schedule does not specify when those remaining releases begin.

Pump.fun founder Alon said the Callout Rewards program would put less weight on recommendations of low-market-value tokens and trading volume, with greater emphasis on whether followers make a profit. The adjustments target how the platform rewards recommendations as it continues to develop its trading products.