pumpfun: Has burned approximately $370 million worth of PUMP and commits to using 50% of revenue for buybacks and burns over the next year

pumpfun founder alon posted on platform X, stating that over the past approximately 9 months, PUMP has used 100% of its revenue for buybacks. Today, roughly $370 million worth of PUMP has been burned, accounting for 36% of the circulating supply. Additionally, PUMP has committed 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 the long-term growth of the business.