Pump.fun burns $370M in PUMP and commits half of next year’s revenue to buybacks
Crypto Briefing
Pump.fun has burned $370 million in PUMP tokens and committed 50% of its future revenue to ongoing buybacks and burns.Summary
Pump.fun has executed a major supply reduction by burning $370 million worth of its native PUMP tokens, representing approximately 36% of the circulating supply. To sustain token value and maintain operational growth, the platform has transitioned to a new strategy that allocates 50% of its revenue to programmatic buybacks and burns over the next year. The remaining 50% of revenue will be retained to fund operations, hiring, and the expansion of the platform's utility as a venue for trading various on-chain asset classes.
(Source：Crypto Briefing)