Wu Blockchain (@WuBlockchain): PumpFun Burns 370M USD of Repurchased Tokens, Allocates 50% of Revenue to Buyback and Burn

PumpFun Burns 370M USD of Repurchased Tokens, Allocates 50% of Revenue to Buyback and Burn PumpFun said it has burned all previously repurchased PUMP tokens, totaling about $370 million and roughly 36% of circulating supply, in response to concerns over the use and certainty of buybacks. The platform also said it will allocate 50% of revenue over the next year to a programmatic buyback-and-burn mechanism to reduce circulating supply and improve transparency and predictability. https://x.com/Pumpfun/status/2049232506143006844?s=20