Pump.fun has aggressively bought back $PUMP tokens, purchasing $8.42 million (97.29% of revenue) between August 5-11, and $33.14 million total. This significant buyback activity, offsetting 0.729% of the total supply, suggests a strong commitment to reducing supply and potentially increasing token value. Investors should monitor if this "Hyperliquid playbook" of revenue-driven buybacks and platform investments continues to drive growth and token appreciation.