Pumpdotfun conducted a $60 million buyback last week

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Summary

Pumpdotfun said it bought back more than $60 million worth of 'PUMP' tokens last week.
Over the past week, PUMP price rose more than 11%, proving the effect of the buyback.
The number of wallets holding PUMP surpassed 70,800, and with small wallets accounting for 46%, it said retail investor participation has increased.

Last week, Solana (SOL)-based meme coin issuance platform Pumpdotfun reportedly bought back more than $60 million worth of 'PUMP'.

On the 31st (local time), Cointelegraph reported, "Last week Pumpdotfun bought back more than 16.5 billion PUMP," saying, "this is about $62.6 million." It added, "Over the past week, PUMP rose more than 11%, demonstrating the effect of the token buyback."

Retail investor buying pressure also increased. The outlet said, "The number of wallets holding PUMP surpassed 70,800," and added, "In particular, small wallets account for 46% of the total, suggesting a significant increase in retail investor participation."

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