Pump.fun's recent buyback of $30 million contributed to a significant surge in $PUMP’s market cap, briefly surpassing $BONK before it regained its lead.
Pump.fun executed a $30 million buyback, leading to a 20% surge in $PUMP, briefly elevating its market cap to $2.4 billion. The buyback involved transferring 187,770 SOL, with 118,351 SOL sold to acquire nearly 3 billion PUMP tokens. Following a successful ICO that raised $500 million, PUMP is now available on several exchanges, including Coinbase and Bybit.