pumpfun: Approximately $370 Million Worth of PUMP Burned and Commits 50% of Next Year's Revenue to Buyback and Burn

Odaily Odaily reported that pumpfun founder alon stated on platform X that over the past approximately 9 months, PUMP has used 100% of its revenue for buybacks. Today, approximately $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 for 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.