Australian Company Fitell Buys $1.5M Worth of Pump.fun Tokens to Deepen Solana Bet

Australian-based NASDAQ-listed online gym equipment retailer, Fitell Corporation, announced yesterday that it has purchased 216.8 million PUMP tokens, valued at around US$1.5 million (AU$2.2m). It marks Fitell’s first purchase of PUMP; however, the company previously purchased 46,000 SOL, the native cryptocurrency of the Solana blockchain, valued at approximately US$10 million (AU$15m) in late September…