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pump.fun initiates buyback of PUMP, funded by transaction fee revenue

Summary: According to EmberCN, pump.fun has started using transaction fee revenue to buy back PUMP after issuing the coin, instead of directly selling it on Kraken as before: They have transferred 187,770 SOL (approximately $30.53 million) in transaction fee revenue to the address 3vkp...3WTi in the past 7 hours, and then purchased PUMP. The purchased PUMP ...

According to EmberCN, pump.fun has started using transaction fee revenue to buy back PUMP after issuing the coin, instead of directly selling it on Kraken as before:

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

Currently, they have already 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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