pump.fun has used the commission income to repurchase PUMP, and has purchased a total of 3.04 billion PUMP

On July 16, according to Ember, pump.fun has started to use the fee income to repurchase $PUMP after issuing the token, instead of directly transferring it to Kraken for sale as before. In the past 7 hours, they transferred 187,770 $SOL (about $30.53 million) of fee income to the designated address to purchase $PUMP, and transferred the purchased $PUMP to a dedicated address. So far, 111,953 $SOL (about $18.34 million) has been used to purchase 3.04 billion $PUMP, with an average price of about $0.006. [PANews]