Fitell intends to allocate PUMP tokens to corporate treasury

Fitell (FTEL) Corporation announced its intention to allocate PUMP tokens to its corporate treasury. This strategic move represents a natural extension of Fitell’s Solana (SOL-USD) digital asset treasury strategy and reflects the Company’s confidence in Solana’s rapidly growing ecosystem. The company said, “Pump.fun has emerged as one of the most tangible revenue-generating applications on the Solana blockchain, operating as a live token launchpad that processes new issuances and collects listing and transaction fees directly tied to on-chain activity. Its native token, PUMP, underpins the platform’s economics by serving as the vehicle through which fee revenues are recycled back through buybacks and burns, reducing circulating supply and creating deflationary pressure over time. With a fixed supply and an ongoing burn program funded by platform revenues, PUMP aligns platform growth with tokenholder value.”