Buyback Radar

Pump PUMP

Revenue fadingRank#26▲7Score39

Revenue −24% over 30 days; paid to holders this week: 45% of the best week in 90 days ($3.9M against $8.6M).

Launchpad, Solana, Ethereum, BSC +2, 192 days of data,

Market cap

$1.54B

price $0.00333 · 7d −22.2% · 30d −33.0%

FDV $2.75B (1.8× market cap)

source defillama

Buyback revenue / year

$266.6M

holders revenue of the last 30 days, $21.9M, × 365 ÷ 30

Buybackbuyback share 44%

Buys back 17% of its market cap a year, using 44¢ of every $1 it earns.

Multiple

5.8×

peer median 1.7× (Launchpad, 5 tokens), against 5.8× here

Run-rate

7.7×

last 7 days $3.9M × 52 = $201.3M a year

last week's payout to holders ran at 75% of the 30-day pace: the payout is slowing

What we checked

  1. Valuation

    Multiple 5.8×, 3.5× more expensive than its Launchpad peers (median 1.7×, 5 tokens). It is itself the largest earner in the group. On total revenue: 2.6×, 2.1× cheaper than the revenue peer median.

  2. Distribution

    Buyback: Revenue buys the token on the market; the tokens stay in circulation (treasury, stakers or LPs). Holders got $21.9M of $49.6M revenue in 30 days → buyback share 44%. DefiLlama: “Money going to governance token holders”

  3. Sustainability

    Holders were paid on 30 of 30 days (100%); largest single day 5% of the month's holders revenue; paid to holders this week: 45% of the best week in 90 days (more than half below peak). Revenue −20% over 7 days and −24% over 30 days, price −33% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

  • Payout >50% below peakthis week's holders revenue is 45% of its best week in the last 90 days ($8.6M)
  • Children changedthe set of DefiLlama children behind this token changed since the last run; HR windows may mix old and new children

How the buyback really works

Researched Nov 1, 2026 · 6 wallets: 6 medium confidence

  1. The moneyPaid from ongoing revenue
  2. The buyerPartly automatic, partly up to the team
  3. The tokensBought tokens are burned

The project says 50% goes to buybacks, without saying of what, so we do not compare it with DefiLlama.

On-chain: not measurable with our sources (each buyback executor makes more than 10,000 transactions a day; paging that through Helius does not fit in one run).

Method: not measurable: each buyback executor makes more than 10,000 transactions a day; paging that through Helius does not fit in one run. Checked November 12, 2026.

Red flags 6

  • Policy change 2026-04-28 (adapter BURN_POLICY_TS): from 100% to 50% of pump's slice; according to secondary reporting committed for only 12 months (until ~April 2027).
  • From July 2025 to April 2026 purchased PUMP was held in holding wallet G8Ccf... and not burned; this was followed by a one-off burn of ~$370M. Months of discretionary control.
  • No program ID or contract found for a 'locked smart contract'; only ordinary wallets that buy and burn are visible. The automatic nature is not verified.
  • Executor wallets rotate (5 since July 2025); new wallets must be checked against DefiLlama's calculation periodically.
  • The only address source is DefiLlama's calculation; pump.fun/pump-token returned 403 (Cloudflare). TheBlock and CoinDesk were also blocked (Cloudflare/Vercel checkpoint) and could not be checked directly; the 50% burn of April 2026 is confirmed via syndication (FXStreet/TMGM) and DefiLlama's calculation.
  • The new Platform Fee (0.45% on app trades, since 2026-10-16) and the Mayhem fees fall outside the buyback policy according to DefiLlama's calculation (100% protocol); that share of revenue does not go to the buyback.
Buyback wallets 6
Sources 6

Open the buyback wallets in their explorer and look for regular purchases of the token.

Check it yourself (technical)

Sum SPL transfers of the PUMP mint to executors 99mRw3... and 9jHrT... over 30 days, excluding internal sources (the other BUYBACK_WALLETS and holding wallet G8Ccf...). This is exactly the Allium query of the DefiLlama adapter (solana.assets.transfers, to_address IN BUYBACK_WALLETS, from not internal). Alternatives: Helius Enhanced Transactions (/v0/addresses/{wallet}/transactions) or Solscan Pro /account/transfer with token=PUMP mint. Count burns separately via SPL Burn/BurnChecked from those wallets or via the getTokenSupply delta. USD via the SOL/USDC equivalent of the swaps. Verifier check 2026-10-31 (Solana RPC getSignaturesForAddress): both executors active at ~22:22-22:23 UTC. The old fees.pump.fun/api/buybacks call is commented out in the adapter and is no longer a usable source.

Holders revenue / revenue (30d)
$21.9M / $49.6M
last 30 closed days
To holders
Buys back 17% of its market cap a year
FDV / dilution
$2.75B / 1.8×
FDV ÷ market cap
Price 7d / 30d
−22.2% / −33.0%
Revenue growth 7d / 30d
−20% / −24%
versus the period before
Divergence
0.00
revenue growth minus price growth, 30d
DEX liquidity
$27.2M
DexScreener, representative pools
24h volume
$83.1M
all markets, CoinGecko
Unlocks 30d
$22.9M
DefiLlama vesting schedule; next unlock Dec 11: $22.9M
Revenue multiple
2.6×
market cap ÷ revenue per year
Fee multiple
0.9×
market cap ÷ fees per year
Distance to peak
45%
this week ÷ best week of 90 days
Data since
May 4
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today 5.8× (scored) · peer median 1.7×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
DateSignalPrice thenAfter 7dAfter 30dSinceOutcome
November 2, 2026Unlock within 14 daysclosed Nov 12: the condition no longer holds$0.00411−12%—−19%not measured
November 1, 2026Multiple below medianvoided Nov 1: rule change of 1 Nov 2026: it would not open under the current rules$0.00423−14%—−21%not counted
October 30, 2026New in top 20closed Nov 4: now ranked #33$0.00423−13%—−21%not counted

Versus peers

Launchpad · 6 tokens (5 with a multiple) · median multiple 1.7×

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
TokenDistributionMultipleRevenue multipleBuyback shareTo holders 30dMarket capRev. growth 30d
OTCBuyback + burn0.5×0.2×43%$292k$1.9M+111%
SaplingBuyback + burn0.9×0.7×82%$100k$1.1M−30%
StonkFunBuyback + burn1.7×1.0×60%$1.7M$34.5M−88%
PonsBuyback + burn5.7×5.7×118%$1.7M$99.8M−84%
Pumpleaderthis tokenBuyback5.8×2.6×44%$21.9M$1.54B−24%
BONK.funMixed∞11.7×95%$1.5M$233.7M−67%
Score build-up39 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

39of 100#26▲7top 50%
Valuation 28.9Momentum 9.7Divergence 0.0Quality 15.4penalties −15= 39.0
Valuation35%
83Valuation 82.6: HR half 81.2 (multiple 5.79×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 83.9 (revenue peer value 2.11×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.
Momentum25%capped
3939 before the peak capMomentum 38.7: m = 0.5·g7 −0.227 + 0.3·(ln(day jump 1.04) clamped ±1.5 = 0.037) + 0.2·g30 −0.280 = −0.158; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.
Divergence20%capped
0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.
Quality20%
77Quality 77.0: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 5% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.45 → 31.1 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).
  • Penalty −15 (unlocks_above_hr30): unlocks next 30d $22.89M above HR30 $21.91M.

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penalties−15

−15Unlocks in the next 30 days above HR30unlocks next 30d $22.89M above HR30 $21.91M

9 rules not applied, 3 wait for research data.

Where the numbers come from
Revenue source
5 active children
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 11, 2026
as-of date of the last compute run
On-chain verified
not measurable
checked Nov 12
Protocols behind this token5 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

  • PumpSwap
    Dexs · Solana
    type unclear · source text
    “Money going to governance token holders”

    Money going to governance token holders

    adapter on GitHub ↗
  • pump.fun
    Launchpad · Solana
    type buyback · source label
    “Token Buy Back: PUMP bought back on the market by pump.fun buyback wallets (funded by all pump products).”

    PUMP bought back on the market by pump.fun buyback wallets (funded by all pump products, so it won't sum exactly with ProtocolRevenue here).

    Token Buy Back
    PUMP bought back on the market by pump.fun buyback wallets (funded by all pump products).
    adapter on GitHub ↗
  • Terminal
    Telegram Bot · Solana, Ethereum, BSC, Base
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • pump.fun Mobile App
    Interface · Solana
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • pump.fun Perps
    Interface · Hyperliquid L1
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗