Pump.fun burns $370 million in PUMP token, commits 50% of future revenue for buyback-burn program
Pump.fun burns $370 million in PUMP token, commits 50% of future revenue for buyback-burn program
Pump.fun announced that it has burned $370 million worth of PUMP tokens, and that it is launching a new buyback-and-burn program funded by 50% of future net revenue.The remaining 50% will be used to make “big bets” to grow the platform in the coming five to 10 years, co-founder Alon Cohen said.
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