Pump.fun Transfers $16M SOL to Buy Back 3B PUMP Tokens – Can PUMP Recover?
2025-07-16 11:19:12
Main Idea
Pump.fun has initiated a $16M SOL buyback program to purchase 3B PUMP tokens in an effort to recover from a 75% price crash, allocating $30.6M in fee revenue for the recovery.
Key Points
1. Pump.fun transferred 101,900 SOL (~$16M) to buy back 3.04B PUMP tokens at an average price of $0.006 after a 75% price crash.
2. The token plummeted from $0.0072 to $0.005 within 24 hours of launch, driven by whale shorting and investor panic.
3. The platform allocated $30.6M in fee revenue for the buyback, with 118,351 SOL already spent on token purchases.
4. Approximately 340 wallets controlled over 60% of presale allocations, with some whales making significant profits from quick sales.
5. The buyback program aims to restore investor confidence, allocating 25% of revenue to token holders, generating ~$538K daily buybacks.
Description
Pump.fun has launched an aggressive buyback program, transferring 101,900 SOL worth approximately $16 million to purchase 3.04 billion PUMP tokens at an average price of $0.006, in a desperate bid to recover from the token’s catastrophic 75% crash following its $500 million presale launch . The buyback initiative follows PUMP’s plummet from pre-market highs of $0.0072 to lows of $0.005 within 24 hours of its July 12 launch, triggering massive shorting by whales and investor panic. The platform h...
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