Developers Made Heavy Buybacks of Their Own Tokens in This Altcoin: Onchain Data Revealed
2025-08-08 21:00:32
On-chain data has revealed major transactions that have attracted attention in the cryptocurrency market.
PumpFun continues to buy back its own altcoin, the PUMP token@Pump Signal .$PUMP
The company purchased PUMP by transferring $5.6 million worth of SOL to a new address. A total of $6.68 million worth of PUMP was bought back through this address, $5.72 million of which was transferred to the Squads Vault.
Additionally, two newly created wallets withdrew a total of 10.98 million SYRUP from Binance, approximately $5.4 million worth. It's believed the transactions may be related to the same asset.
A crypto whale, who has been dormant for a long time, deposited 1,383 ETH ($5.39 million) into the MEXC exchange after an eight-month hiatus. This investor initially withdrew 2,768 ETH ($6.45 million) and currently holds 1,384 ETH ($5.39 million). A total profit of $4.32 million is estimated.
Another whale sold 1.11 billion PUMPs, earning 21,763 SOL ($3.79 million) and deposited these assets on Binance. This transaction yielded a profit of approximately $362,000.