#pumptoken

🚀 Pump.fun Initiates $PUMP Token Buyback with Platform Fees! 🚀

Onchain analysts report that Pump.fun, the Solana-based meme-coin launchpad, has kicked off a massive $PUMP token buyback, using platform fee revenue to repurchase nearly 3B tokens! 💰

🔎 Details:

• Solscan data shows 187,770 SOL (~$31.3M) moved to a buyback wallet.

• 118,351 SOL (~$19.3M) already spent, snagging ~2.99B $PUMP at ~$0.0064/token (Lookonchain).

• Delphi Digital estimates 25% of fee revenue could fuel daily buybacks, projecting $134.6M in annual buying pressure.

📈 Market Impact:

• PUMP surged 17% to ~$0.0067 post-news, up from its $0.004 ICO price.

• Market cap: $2.4B | FDV: $6.7B

💡 Pump.fun’s move comes amid heated competition with rival LetsBonk, which is outpacing it in daily fees & token graduations. Is this buyback a game-changer? 👀