Pump.fun’s $2.8 billion on-chain treasury is mostly its own PUMP token

Pump.fun, the Solana memecoin launchpad, holds $2.8 billion in on-chain assets. That pile includes its own PUMP token, wrapped SOL, USDC, USDT, and a scattering of memecoin pools. What’s in the wallet Arkham Intelligence identifies roughly $2.838 billion in on-chain assets tied to pump.fun as of October 6, 2026. The PUMP token accounts for approximately $2.19 billion of that total, representing about 341.224 billion PUMP tokens. Pump.fun holds approximately 2.786 million wrapped SOL (WSOL), valued at around $336 million. On top of that, the platform holds 450.5K SOL in unwrapped form, worth about $54 million. Arkham’s data shows 168.7 million USDC, worth about $169 million, and 46 million USDT, worth about $46 million. Smaller positions in various memecoins fill out the remainder. Buybacks, burns, and unlocks Pump.fun runs a buyback-and-burn program funded by 50% of its net revenue. The platform uses that money to buy PUMP on the open market and permanently destroy it. By late September 2026, cumulative buybacks had passed roughly $460 million. More than 167 billion tokens have been removed from circulation since the program began. In July 2026, 57.28 billion PUMP tokens were distr...