Pumpfun: Has burned approximately $370 million worth of PUMP and has committed to using 50% of its revenue for buybacks and burns over the next year.

Pumpfun founder Alon announced on the X platform that over the past nine months, PUMP has dedicated 100% of its revenue to buybacks. Approximately $370 million worth of PUMP, representing 36% of the circulating supply, has been burned today. Furthermore, PUMP has committed to allocating 50% of its revenue for programmatic buybacks and burns over the next year, with the remaining 50% going towards business growth, product development, infrastructure development, and ecosystem reinvestment. Alon stated that this move aims to strengthen community trust and ensure long-term business growth.