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