Pump.fun buys $85 million worth of PUMP tokens in two months

Suehyeon Lee

Summary

Pump.fun has been conducting PUMP token buybacks since July and has purchased a total of $85 million so far.
This buyback reduced the circulating supply by 6.158% and effectively produced a burn effect.
As of the 11th, the PUMP token price was reported to be trading on CoinMarketCap at $0.005863, up 14.1% from the previous day.

Pump.fun (PUMP) has purchased more than $85 million worth of Pump.fun tokens since it began token buybacks in July.

On the 11th (local time), fee.pump.fun data showed that Pump.fun has bought approximately $85 million worth of PUMP tokens since it started token buybacks on July 15.

In the process, the circulating supply decreased by 6.158%, effectively producing a burn effect. Meanwhile, Pump.fun is trading on CoinMarketCap at $0.005863, up 14.1% from the previous day.

PUMP