PANews July 16 news, according to Yu Jin's report, pump.fun has started to repurchase $PUMP with transaction fee income after issuing tokens, instead of directly selling on Kraken as before. In the past 7 hours, they transferred 187,770 SOL (approximately 30.53 million USD) of transaction fee income to a designated address to purchase PUMP, and the acquired PUMP was transferred to a dedicated address. As of now, they have purchased 3.04 billion PUMP with 111,953 SOL (approximately 18.34 million USD), at an average price of approximately $0.006.
