According to industry news, the well-known decentralized trading platform pump.fun has officially launched its token buyback program. This move marks a significant shift in the platform's operational strategy.

Recently, pump.fun has started to use its fee income to repurchase the platform's native Token $PUMP, instead of the previous direct selling model. This move has attracted widespread attention in the market.

Data shows that within just 7 hours, pump.fun used approximately 187,770 SOL (worth over $30 million) in fee income to repurchase PUMP Tokens. These repurchased tokens were then transferred to a dedicated storage address to ensure transparency and security.

As of the latest statistics, pump.fun has utilized approximately 111,953 SOL (worth nearly 18.35 million USD) for buybacks. This amount successfully purchased 3.04 billion PUMP Tokens, with an average buyback price of about 0.006 USD per PUMP.

This large-scale buyback action not only demonstrates pump.fun's confidence in its platform and Token but may also have a significant impact on the market supply and demand relationship of the PUMP Token. Industry insiders believe that this approach helps to enhance investor confidence and may provide certain support for the Token price.

However, some analysts remind investors to remain rational when paying attention to such news and to comprehensively assess the long-term development prospects and potential risks of the project. As the buyback plan continues, the market will closely monitor its impact on the PUMP Token price and circulation.