Data: pump.fun Started to repurchase PUMP, the funds come from the commission income

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According to ChainCatcher, based on Ember's monitoring, pump.fun has started using transaction fee income to buy back PUMP, instead of directly selling on Kraken as before:

In the past 7 hours, they transferred 187,770 SOL (approximately $30.53 million) in transaction fees to the 3vkp...3WTi address, and then purchased PUMP. The purchased PUMP was then transferred to the G8Cc...kqjm address for storage.

Currently, they have used 111,953 SOL (approximately $18.34 million) to purchase 3.04 billion PUMP tokens, with an average price of $0.006.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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