Key dealers
- Pump.fun transferred $ 30 million to a repurchase address.
- $ Pump rose on the team’s move and exceeds short $ Bonk.
Pump, the recently launched token from prominent Meme coin startpad pump.fun, has risen over 20% over the past ten hours in the middle of reports of a team-led repurchase.
The rally drove a short pump market value to $ 2.4 billion and past Bonk. But from written, Bonk has regained its leadership, according to Cooiestecko data.
On the chain data Tracked by Lookonchain shows that pump.Fun recently transferred 187,770 Solana (sun) worth over $ 30 million to a designated repurchase address. Of that, the team sold 118 351 sun to buy almost 3 billion pumps at an average price of $ 0.0064.
Pumpfun (@pumpdotfun) prepared 187 770 $ Sun($ 30.6 million) in fee revenue to buy back $.
So far the repurchase wall has spent 118 351 $ Sun($ 19.26 million) to buy 2.99b $ to an average price of $ 0.0064.https://t.co/p1uqlkfdx6 pic.twitter.com/3chmjzkpsj
– Lookonchain (@lookonchain) July 16, 2025
After an ICO over the weekend collected $ 500 millionThe Pump.fun launched its pump on big cryptout changes on Monday.
A wide range of exchanges now offers place trading and deposits for pump, including coinbase, village, mexc, bit, gate, kucoin and hyperliquid, with the latter offering up to 5X leverage on eternal contracts.
