Pump.fun, the Solana-based memecoin launchpad that has generated more than $1.1 billion in lifetime fees, has repurchased over $400 million of its PUMP token, with the running total crossing that mark in recent days, according to the company's onchain dashboard.

Pump.fun regains its lead over Polymarket in DeFi revenue, highlighting the intense competition between memecoin and prediction platforms.

Pump.fun, the Solana-based memecoin launchpad that has generated more than $1.1 billion in lifetime fees, has repurchased over $400 million of its PUMP token, with the running…