Pump.fun burns $370M in PUMP - 36% of Supply Gone in One Day
Pump.fun burns $370M in PUMP - 36% of Supply Gone in One Day The burn happened across two on-chain transactions and includes every PUMP token bought back over the past 9 months when the platform routed 100% of its revenue into open-market buybacks. Additionally, Pump Fun is launching a programmatic buyback and burn scheme, allocating 50% of revenue for one year to remove a substantial amount of supply from circulation to enhance trust and sustainability for the ecosystem. For context, Pump Fun has crossed $1B+ in lifetime revenue and $158B in trading volume since launching in Januar…
The excerpt is quoted from a public Telegram channel, which owns its text.