BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Pump.fun Shocks Market with $58M Buyback, PUMP Token in Focus
Pump.fun Shocks Market with $58M Buyback, PUMP Token in Focus
13
3
BTCCSquare news:
Pump.fun has sent ripples through the crypto market with an aggressive $58 million token buyback. The team spent $10.65 million on tokens between August 20-26, representing 99.32% of its weekly revenue—a move signaling either extreme confidence or strategic repositioning.
The buyback's scale suggests a deliberate play for supply control, potentially to stabilize or inflate PUMP's value. Market watchers are divided on whether this reflects bullish internal projections or defensive maneuvers against external pressures.
By:
