Data: pump.fun starts to buy back PUMP, with funds sourced from transaction fee income

ChainCatcher message, according to Ember monitoring, pump.fun started to use the fee income to buy back PUMP after issuing tokens, instead of directly transferring to Kraken for sale as before:

In the past 7 hours, they transferred 187,770 SOL (approximately 30.53 million USD) of fee income to the 3vkp…3WTi address, and then purchased PUMP. The purchased PUMP was then transferred to the G8Cc…kqjm address for storage.

Currently, they have used 111,953 SOL (approximately 18.34 million USD) to acquire 3.04 billion PUMP, with an average price of 0.006 USD.