Pump.fun Cuts PUMP Buybacks to 50% After Burning 36% of Circulating Supply

Pump.fun cut PUMP buybacks to 50% of future net revenue after burning tokens equal to roughly 36% of circulating supply. The other 50% of net revenue will stay with the company for product investment, hiring, marketing, and potential acquisitions. PUMP rose 6.9% in the 24 hours after the Wednesday announcement.

PUMP-1.09%
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