<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5OGZiMTAtZmVkOS03M2MwLWJjY2EtYzlkMWIwYTY2ZWFl.jpg" alt="Pump.fun spends over $62M on buybacks to boost PUMP price"></p><p>Pump.fun has spent over $62 million on buybacks, absorbing 16.5 billion PUMP tokens in a bid to reduce sell pressure.</p>