TechFlow news, July 16 — According to analyst Yu Jin's monitoring, pump.fun has changed the way it uses fee revenue, no longer selling it on Kraken but instead using it to repurchase PUMP. Over the past 7 hours, they transferred fee revenue amounting to 187,770 SOL (approximately $30.53 million) to the address 3vkp...3WTi, then used it to purchase PUMP tokens. The acquired PUMP tokens were then transferred to the address G8Cc...kqjm for storage.
So far, 111,953 SOL (approximately $18.34 million) has been used to purchase 3.04 billion PUMP tokens at an average price of $0.006.
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