Pump.fun transfers $30 million to a buyback address

The new PUMP token from the meme coin platform Pump.fun has gone up more than 20% in just 10 hours, mainly because of a buyback effort by the team.

Pumpfun(@pumpdotfun) prepared 187,770 $SOL($30.6M) in fee revenue to buy back $PUMP.

So far, the buyback wallet has spent 118,351 $SOL($19.26M) to buy 2.99B $PUMP at an average price of $0.0064.https://t.co/P1uqlkfdx6 pic.twitter.com/3chMjzkPsj

— Lookonchain (@lookonchain) July 16, 2025

PUMP’s market capitalization briefly rose to $2.4 billion, which allowed it to exceed BONK in market value. As of the latest updates, BONK has regained its status as the top token, based on information from CoinGecko.

Recent data from Lookonchain shows that Pump.fun transferred 187,770 Solana (SOL), worth more than $30 million, to a designated buyback address. The team sold 118,351 SOL to get almost 3 billion PUMP tokens at an average price of $0.0064.

TagsCrypto