Arkham data shows Pump.fun's $2.8 billion on-chain holdings are mostly PUMP
In brief
- Arkham ties about $2.838 billion in on-chain assets to Pump.fun as of October 6, 2026.
- PUMP accounts for roughly $2.19 billion of that, about 341.224 billion of Pump.fun's own tokens.
- SOL, wrapped SOL, USDC and USDT positions form the liquid side, according to Crypto Briefing.
- Buybacks passed roughly $460 million by late September, removing more than 167 billion PUMP.
What Arkham's data shows
So how much of that is actually liquid? Arkham's breakdown, as reported by Crypto Briefing, puts Pump.fun's wrapped SOL (WSOL) at roughly 2.786 million tokens, worth around $336 million. There's another 450.5K SOL held in unwrapped form (about $54 million). Stablecoins come next: 168.7 million USDC and 46 million USDT, worth about $169 million and $46 million respectively.
Arkham attributes these assets to Pump.fun. The company hasn't confirmed them as its treasury.
Why the PUMP share matters
Crypto Briefing's analysis splits the ledger in two. Its argument is that a project's holdings of its own token are worth what buyers will pay, and that selling 341.224 billion PUMP in size would likely test the token's price quickly. The outlet described the SOL and stablecoin positions as the liquid side of the treasury, which can be spent or deployed without that price constraint.
The token isn't old. PUMP launched in July 2025 through an initial coin offering that raised about $1 billion, and the sale priced it at a fully diluted valuation of around $4 billion. Cumulative decentralized exchange volume on Pump.fun has since passed $97 billion, per the report.
Buybacks 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 destroy it permanently. By late September 2026, cumulative buybacks had passed roughly $460 million, Crypto Briefing said, and more than 167 billion tokens have been removed from circulation since the program began.
New supply is also coming in. In July 2026, 57.28 billion PUMP were distributed to 121 wallets as part of post-cliff linear vesting for team members and investors. Crypto Briefing said that distribution marked the start of linear unlocks, which it said means more insider tokens could reach the market over time.
That leaves burns taking PUMP out of circulation while vesting releases more of it, and it's all happening against a treasury where the token itself makes up most of the reported value.
Frequently asked questions
How much of Pump.fun's on-chain holdings is its own PUMP token?
Arkham Intelligence data reported by Crypto Briefing ties about $2.838 billion in on-chain assets to Pump.fun as of October 6, 2026. About $2.19 billion of that, roughly 341.224 billion tokens, is PUMP.
What liquid assets does Arkham attribute to Pump.fun?
Arkham's data shows about 2.786 million wrapped SOL (around $336 million), 450.5K unwrapped SOL (about $54 million), 168.7 million USDC and 46 million USDT. Crypto Briefing described the SOL and stablecoin holdings as the liquid side of the treasury.
How does Pump.fun's PUMP buyback program work?
Pump.fun puts 50% of its net revenue toward buying PUMP on the open market, and the tokens it buys are destroyed permanently. Crypto Briefing reported that cumulative buybacks had passed roughly $460 million by late September 2026, with more than 167 billion tokens removed from circulation.
