Pump.fun Launches Initial Round of PUMP Buyback Program

Pump.fun has initiated a buyback program for its $PUMP tokens, utilizing fee income instead of selling directly on Kraken. In the last 7 hours, the platform transferred 187,770 SOL (approximately $30.5 million) to acquire a total of 3.04 billion PUMP at an average price of $0.006, signaling a strategic effort to bolster token value and liquidity.