Regulation· ★★★· bullish·

PUMP Jumps 18% After SEC Clarifies Token Buybacks Are Not Securities

  • —PUMP rose 18% to $0.0045 as spot trading volume surged 57%
  • —Protocol spent $1.6 million to buy back 398 million PUMP tokens on $3.2 million revenue
  • —Cumulative buybacks and burns total $463.79 million, or 16.79% of supply
  • —Protocol USD inflows hit $24 million after four straight days of outflows
Why it matters: The SEC guidance lowers regulatory risk for tokens with buybacks and protocol revenue, potentially supporting the broader sector.
#PUMP
Source: AMBCrypto
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