[REVISION HISTORY]

Pump.fun revenue, SOL sales, and PUMP token volatility

17 recorded revisions of this situation.

What changed

2026-10-24 21:33 UTC → 2026-10-26 02:21 UTC · added ~~removed~~

By late September 2026, Pump.fun’s treasury management involved periodic transfers of SOL accumulated from transaction fees to centralized exchanges. On September 27, the platform transferred approximately 47,994 SOL, valued at roughly $5.83 million, to Kraken. On-chain data indicates that Pump.fun has cumulatively sold approximately 5.236 million SOL, totaling an estimated $848 million, at an average price of $162 per SOL. Simultaneously, the PUMP token has seen significant growth, fueled by an aggressive buyback program that directs half of net revenue toward purchasing tokens. Total buyback spending has surpassed $466 million, paired with token burns that have removed nearly 17% of the total supply. On October 4, the PUMP token price rose between 15% and 18%, outperforming the broader cryptocurrency market. This rally coincided with significant whale activity, including a wallet named ‘netherlol’ purchasing 383.34 million PUMP tokens worth roughly $2.4 million, and a new wallet, ‘GnZqfY’, withdrawing 189.22 million tokens valued at approximately $1.18 million from the MEXC exchange. Market activity has surged in the derivatives sector, with open interest reaching approximately $670 million and 24-hour futures turnover exceeding $1.04 billion. In early October, the PUMP token faced market pressure, breaching its $0.006 support level to trade near $0.0055 following a 7.2% daily decline. This coincided with a shift in the platform’s Callout Rewards program; starting October 10, co-founder Alon announced that rewards would transition from measuring trading volume to measuring follower profitability. This change included reduced reward rates for low-cap tokens to mitigate liquidity risks. Despite token volatility, Pump.fun’s revenue remained high. By October 23, 2026, ~~Pump.fun~~ the platform recorded $1.98 million in 24-hour protocol revenue, surpassing Hyperliquid's $1.96 million and ranking third globally behind Tether and Circle. ~~This follows reports that the platform had already reached the third-highest revenue rank across all blockchain networks earlier in the month.~~

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