Daily active address surpasses 300,000, Pump.fun's buyback scale expands, and Solana Meme coins show a structural warming
January 28 News, the Meme coin issuance platform Pump.fun (PUMP) in the Solana ecosystem delivered impressive data results in January, with related indicators rebounding simultaneously, reigniting market attention to the Solana Meme coin sector. Several analysts pointed out that this rebound is not a single-point rally but the result of simultaneous improvement in capital and user activity.
On-chain data shows that Pump.fun set multiple milestone records in January. Dune statistics indicate that the platform’s daily new token additions once approached 39,000, reaching a high since April 2025. Meanwhile, on January 27, the number of daily active addresses on the platform rose to about 300,000, the highest since early last year, with more than half being newly created wallet addresses, indicating a large influx of new users into the Solana Meme coin ecosystem.
Changes in user structure are also noteworthy. Analyst Adam mentioned that the number of “graduated” tokens that meet liquidity conditions and enter secondary market trading hit a new high in over six months, reaching about 350 on a single day. This phenomenon is often seen as a signal of rising speculative enthusiasm and increased capital participation.
User re-engagement is also a key factor driving platform performance. Artemis data shows that the number of re-engaged users on Pump.fun hit a new record, with these addresses previously inactive on-chain for over 180 days. The recovery in activity directly boosted platform revenue, and Pump.fun almost entirely used its income for PUMP token buybacks, forming a clear capital closed-loop.
Official disclosures show that on January 27, the amount of SOL used for buybacks exceeded 19,000 tokens, setting a single-day record. The total buyback amount has now exceeded 21% of the total PUMP supply, providing ongoing support for the price. Market data indicates that PUMP has gained over 60% in the past month, with the price rebounding to around $0.0031, and technical patterns still leaving room for further upward movement.
Meanwhile, the overall performance of Solana Meme coins has also improved. Public data shows that the market cap of this sector is about $5.9 billion, with daily trading volume exceeding $1 billion. Some projects have experienced significant gains driven by partnerships, narratives, or events. However, research institutions also remind that many meme coins are still in a low position after a high-level correction, and for a more sustained rally, new incremental capital is still needed to continue entering.
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