Key takeout
- Pump.Enjoyable has forwarded $30 million to the buyback tackle.
- The $Pump surged with crew motion, briefly surpassing $bonk.
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Pump, a newly launched token from the well-known Meme Coin LaunchPad Pump.Enjoyable, has surged greater than 20% within the final 10 hours amid studies of team-driven buybacks.
The rally briefly pushed Pump’s market capitalization to $2.4 billion, overtaking Bonk. Nonetheless, on the time of writing, Bonk has regained the lead, in response to Coingecko data.
On-chain data Tracked on Lookonchain exhibits that Pump.Enjoyable has not too long ago forwarded over $30 million to a chosen buyback tackle. Of that, the crew bought 118,351 SOLs and purchased about 3 billion pumps for a mean value of $0.0064.
puppfun (@pumpdotfun) 187,770 Preparation $ sol($30.6 million) Rebate payment earnings $Pump.
Up to now, the repurchase pockets has spent 118,351 $ solPurchase 2.99b ($19.26m) $Pump The typical value is $0.0064.https://t.co/p1uqlkfdx6 pic.twitter.com/3chmjzkpsj
– lookonchain (@lookonchain) July 16, 2025
After an ICO that raised $500 million over the weekend, Pump.Enjoyable launched its pump token in a serious crypto alternate on Monday.
At the moment, varied exchanges provide spot buying and selling and deposits for pumps, comparable to Coinbase, Bibit, MEXC, Bitget, Gate, Cucoin, Excessive Lipids, and extra, the latter providing as much as 5 instances the leverage on everlasting contracts.
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