Pump.fun repurchases PUMPs with commission income and has purchased a total of 3.04 billion units

According to the report by Yu Jin, pump.fun has started to repurchase PUMPs with commission income after issuing coins, instead of directly transferring them to Kraken for sale as before. In the past 7 hours, they transferred the transaction fee income of 187770 SOLs (approximately $30.53 million) to a designated address to purchase PUMPs, and then transferred the purchased PUMPs to a dedicated address. As of now, 3.04 billion PUMPs have been purchased with 111953 SOL (approximately $18.34 million), with an average price of approximately $0.006.