Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
pumpfun: Approximately $370 Million PUMP Destroyed, Commits 50% of Next Year's Revenue to Buybacks and Burns
Svmuu reported that pumpfun founder alon posted on platform X, stating that over the past approximately 9 months, PUMP has allocated 100% of its revenue to buybacks. Today, PUMP tokens worth approximately $370 million have been destroyed, accounting for 36% of the circulating supply. Additionally, PUMP commits to allocating 50% of its revenue over the next year to programmatic buybacks and burns, while the other 50% will be used for business growth, product development, infrastructure construction, and ecosystem reinvestment. alon stated that this move aims to enhance community trust and ensure long-term business growth.
Recommended Reading




