The PUMP crypto asset is the official utility token of the Pump.Fun Protocols, which include the pump.fun token launch platform and the swap.pump.fun automated market maker (AMM).
PUMP, which increased by 12.44% over the past 24 hours and at the time of writing, is among today's top gainers.
Pump.Fun recently initiated a significant buyback program within its first week, repurchasing 2.99 billion PUMP tokens worth approximately $19.26 million. This strategic move aimed at reducing token supply may have positively influenced the recent rise in the price of PUMP.
