pumpfun: Approximately $370 Million PUMP Destroyed, Commits 50% of Next Year's Revenue to Buybacks and Burns

Odaily 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.