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Pump.fun has recently executed a $12.19 million buyback of its PUMP token, which represents 98.23% of its weekly revenue. This buyback activity has increased the total repurchases to nearly $72 million, reducing the circulating supply by 5.36%. The buybacks have positively impacted the PUMP token's price, which has risen by 8% following the recent transactions. Pump.fun's buyback strategy aims to stabilize the token's price and reduce sell pressure, reflecting strong investor confidence in the project.