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Solana-based platform Pump.fun is buying back more of its PUMP token and launching a new fund to support projects in its ecosystem.
On August 13, Pump.fun spent about $705,000 to buy back 175.3 million PUMP tokens. So far, it has repurchased 7.66 billion tokens worth $30.65 million. That’s about 0.766% of all PUMP tokens currently in circulation, based on data from Lookonchain.
Earlier this week, the platform also launched the Glass Full Foundation, a new fund that invests in promising tokens. It has already put $1.69 million into 10 different tokens, made a $164,000 profit, and holds 2,000 SOL in reserve.
By buying back its token and investing in new projects, Pump.fun is trying to build trust in PUMP and grow its community.
#Lookonchain
#GlassFullFoundation
On August 13, Pump.fun spent about $705,000 to buy back 175.3 million PUMP tokens. So far, it has repurchased 7.66 billion tokens worth $30.65 million. That’s about 0.766% of all PUMP tokens currently in circulation, based on data from Lookonchain.
Earlier this week, the platform also launched the Glass Full Foundation, a new fund that invests in promising tokens. It has already put $1.69 million into 10 different tokens, made a $164,000 profit, and holds 2,000 SOL in reserve.
By buying back its token and investing in new projects, Pump.fun is trying to build trust in PUMP and grow its community.
#Lookonchain
#GlassFullFoundation
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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