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Pump.fun destroys $370 million worth of PUMP tokens and launches a revenue-based buyback and burn plan
Golden Finance reports that on April 29th, Pump.fun announced that it has completed the destruction of all previously repurchased PUMP tokens, involving approximately $370 million, about 36% of the current circulating supply. Additionally, Pump.fun has launched a new programmatic buyback and burn mechanism, planning to allocate 50% of its revenue over the next year to buy back and burn PUMP tokens.