Facing steep sell pressure from insiders and presale holders, Pump.fun deploys aggressive SOL-funded buybacks and launches the Glass Full Foundation to stabilize its PUMP token.
Pump.fun is countering a steep decline in its native PUMP token as insiders offload significant amounts and presale holders exit. The platform transferred 33,000 SOL (worth $5.6M) to fund buybacks, purchasing $6.68M worth of PUMP—with $5.72M moved to a Squads Vault—while a large wallet dumped 1.11 billion tokens. Additionally, Pump.fun launched the Glass Full Foundation to boost liquidity, even as trading volume and token dynamics reflect ongoing market challenges.