## Pump.fun's Strategic PUMP Token Buyback Pump.fun, a platform known for its token creation and trading, has initiated a significant PUMP token buyback program. According to EmberCN, the platform's designated address has channeled 187,770 SOL (approximately $30.53 million) in fee revenue to a specific wallet (address starting with '3vkp'). This move was followed by a substantial buyback of PUMP tokens over the preceding 7 hours. ## Details of the PUMP Buyback To date, Pump.fun has repurchased a total of 3.04 billion PUMP tokens, utilizing 111,953 SOL, which equates to roughly $18.34 million. The average purchase price for these tokens stands at $0.006. This strategic buyback can potentially impact the token's price and overall market dynamics. The reasons for this buyback could range from reducing circulating supply to rewarding token holders. ```