PUMP token rallies approximately 10% after SEC buyback guidance

  • SEC staff clarified that announcing a PUMP token buyback does not promise profits.
  • PUMP rallied approximately 10% on Saturday after the regulatory guidance.
  • The clarification was issued one day before the token’s price increase.

PUMP token rose approximately 10% on Saturday, a day after SEC staff clarified that announcing a token buyback does not constitute a promise of profits. The statement provides regulatory context for crypto projects weighing repurchase programs and distinguishes such announcements from profit guarantees under securities law. Market participants responded positively as uncertainty around token repurchase mechanisms eased.

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PUMP token rallies approximately 10% after SEC buyback guidance - CoinPost Terminal