Pumpfun uses fee revenue to repurchase PUMP, having cumulatively purchased 3,040,000,000 tokens.
According to @EmberCN's monitoring, after issuing the token, Pumpfun started using transaction fee revenue to repurchase $PUMP tokens instead of continuing to transfer them directly to Kraken for sale as before. In the past 7 hours, they transferred 187,770 $SOL (worth $30.53 million) of transaction fee revenue to the 3vkp...3WTi address and then purchased PUMP. The purchased $PUMP was then transferred to the G8Cc...kqjm address for storage. Currently, 111,953 $SOL (worth $18.34 million) has been used to purchase 3,040,000,000 $PUMP, with an average price of $0.006. [Wu Blockchain]
Pumpfun uses fee revenue to repurchase PUMP, having cumulatively purchased 3,040,000,000 tokens.
According to @EmberCN's monitoring, after issuing the token, Pumpfun started using transaction fee revenue to repurchase PUMP tokens instead of continuing to transfer them directly to Kraken for sale as before. In the past 7 hours, they transferred 187,770 SOL (worth $30.53 million) of transaction fee revenue to the 3vkp...3WTi address and then purchased PUMP. The purchased PUMP was then transferred to the G8Cc...kqjm address for storage. Currently, 111,953 SOL (worth $18.34 million) has been used to purchase 3,040,000,000 PUMP, with an average price of $0.006. [Wu Blockchain]
