PumpFun Fights Whale Dumping: Strategic PUMP Token Buyback Sparks Market Buzz
Whales hit the eject button—PumpFun slams the buyback lever.
When crypto whales start dumping, projects either fold or fight. PumpFun just chose war.
The tactical move: A surprise token buyback targeting PUMP liquidity pools. No numbers disclosed—just pure market theater.
Why it matters: Buybacks are the DeFi equivalent of a company burning its own stock. Either a power move or desperation play—the chart will decide.
Cynic's corner: Another day, another token project playing central banker with its own magic internet money.
Glass Full Foundation Steps In
To enhance support for the ecosystem, PumpFun launched the Glass Full Foundation (GFF) today. This new initiative is designed to increase liquidity for community-driven meme coins. So far, GFF has invested $1.69 million across 10 different tokens.
introducing the Glass Full Foundation
the Glass Full Foundation aims to accelerate the most organic, vibrant, and promising communities in the pump fun ecosystem
GFF will inject SIGNIFICANT liquidity into ecosystem tokens to support our most diehard cults
learn more 👇 pic.twitter.com/vPtXzjZqwZ
Leading the way are TOKABU and HOUSE, which together account for over 40% of the total fund. Additionally, there’s still $350,000 sitting in five wallets, ready for future purchases.
However, PumpFun has not revealed how projects are selected or where funding comes from. Despite that, GFF positions itself as a catalyst for growth within the solana ecosystem.
The foundation is making its entrance just as the rival launchpad LetsBonk.fun starts to pick up momentum. With the support of the Bonk community, LetsBonk is teaming up with Raydium, ramping up the competition.
As of writing, the PUMP token traded at $0.0034, down 28% in the past seven days. Its trading volume remains high at $300 million.
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