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PUMP Jumps 6% After Pump.fun Burns $370M in Tokens
PUMP rose more than 6% in the past 24 hours after Pump.fun burned roughly $370 million in tokens. Pump.fun said the burn removed about 36% of circulating supply across two on-chain transactions. The team also announced a structured program that will use 50% of revenue from core products to buy PUMP and burn it under an irreversible smart contract for 1 year.