Cryptowarning
07/16 15:40

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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