pump.fun has executed a multi-million USD buyback of PUMP through transactions in SOL.

So far, pump.fun has spent over 6.68 million USD to buy back PUMP, of which more than 5.7 million USD in SOL has been transferred to the Squads Vault.

MAIN CONTENT

  • pump.fun has transferred 5.6 million USD in SOL to a new address to buy back PUMP.

  • The buyback value of PUMP so far exceeds 6.68 million USD.

  • Over 5.7 million USD in SOL has been sent to the Squads Vault for storage.

How has pump.fun utilized resources to buy back PUMP?

pump.fun has continuously used SOL to buy back PUMP, as evidenced by the recent transfer of 5.6 million USD in SOL to a new address.

This information is confirmed through Arkham's monitoring data on August 9. The continuous buyback of up to 6.68 million USD shows that the plan to maintain or increase PUMP's value is very systematic and has a clear strategy.

In particular, the transfer of more than 5.7 million USD in SOL directly into the Squads Vault demonstrates a disciplined compliance with asset management and a long-term safe storage purpose.

What role does the Squads Vault play in this transaction chain?

The Squads Vault is where the SOL assets purchased from PUMP are stored and safeguarded.

The transfer of more than 5.7 million USD in SOL here helps organize capital concentration, ensure security, and effectively manage the fund resources for repurchase activities.

This also demonstrates the transparency and professionalism in the financial operations of pump.fun, as all large sums of money have a clear destination and can be verified.

Asset management and seizing market opportunities are the keys to maintaining long-term stable Token value.
Cryptocurrency fund manager, 2023

Frequently asked questions

How much PUMP has pump.fun bought with SOL?

As of August 9, pump.fun has bought back PUMP worth a total of over 6.68 million USD in SOL.

What does the transfer of SOL to the Squads Vault mean?

It helps keep assets safe, ensures transparency, and effectively manages fund resources.

What monitoring data has Arkham provided?

Arkham monitors the SOL transfer transactions and the buyback rate of PUMP by pump.fun accurately and in real-time.

How do repurchase activities affect the market?

They can increase liquidity and stabilize the value of PUMP in the cryptocurrency market.

Source: https://tintucbitcoin.com/sol-chuyen-56-trieu-usd-mua-pump/

Thank you for reading this article!

Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!