In the past 7 hours, pump.fun transferred 187,770 SOL in fee revenue to a certain address to purchase PUMP

According to Jinse Finance, on-chain analyst Yujin has observed that after issuing its token, pump.fun has started using transaction fee revenue to buy back PUMP, rather than directly transferring it to an exchange for sale as before. In the past seven hours, they transferred 187,770 SOL (worth $30.53 million) in fee revenue to the address 3vkp...3WTi, and then used it to purchase PUMP. The acquired PUMP was then transferred to the address G8Cc...kqjm for storage. So far, they have used 111,953 SOL ($18.34 million) to purchase 3.04 billion PUMP at an average price of $0.006.