pump.fun has begun repurchasing PUMP, with funds coming from transaction fee revenue.

On July 16, according to EmberCN monitoring, after issuing the token, pump.fun began to use the fee income to repurchase $PUMP, instead of directly transferring it to Kraken for sale as before:

In the past 7 hours, they transferred 187,770 $SOL (approximately $30.53 million) of fee income 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 (approximately $18.34 million) has been used to purchase 3,040,000,000 $PUMP, with an average price of $0.006.