Pump.fun has repurchased 439.8 million PUMP tokens for 9,633.99 SOL, equivalent to about $1.34 million, on December 5, 2025. This transaction is part of the platform's ongoing buyback program, which began on July 15. Since the program's inception, Pump.fun has spent over $200 million to buy back PUMP tokens, effectively reducing the circulating supply by approximately 13.353%.