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07/16 15:40

PUMP token recovers after first buyback by Pump.fu

PUMP token recovers after first buyback by Pump.func910aef3c07e453b8b3fb570f48f4cff.webp

Pump.fun has immediately taken care to protect its PUMP token from slumping. The platform started its first buybacks just a day after launching PUMP trading. 

Pump.fun stepped in with its first buyback, propping up the price of PUMP a day after its launch. PUMP recovered to $0.006 after on-chain evidence that the platform team intervened with SOL buyback. The token jumped by 22% in the past day, following a slow trading momentum.

Pump.fun spent 118,350 SOL to buy 2.99B PUMP and for now stores it in another wallet. 

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