Pump.fun crazy repurchase, directly using nearly 30 million dollars of Solana to buy back 3.04 billion PUMP. Analysis indicates that they have stopped transferring platform fees to exchanges for dumping, and instead concentrated funds for buybacks and transferred to designated wallets, with a unit price of about 0.006 dollars. This wave of operation is not just for market protection, but more like paving the way and building momentum for PUMP. At the same time, a certain exchange suffered a loss of 27 million dollars due to a supply chain attack, showing that risks and opportunities always coexist. Meme coins like PUMP may be transforming into a new capital narrative.