Pump.fun burns PUMP tokens worth $370 millions and launches revenue buyback and burn plan

Jinse Finance reported that on April 29, Pump.fun announced all previously repurchased PUMP tokens have been burned, involving an amount of approximately $370 million, accounting for about 36% of the current circulating supply. In addition, Pump.fun has launched a new programmatic buyback and burn mechanism, planning to use 50% of revenue to buy back and burn PUMP tokens over the next year.