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PumpFun starts aggressively burning tokens
The team has fully burned all previously repurchased $PUMP , totaling $370 million — accounting for 36% of the circulating supply
In the past nine months, the project team has been repurchasing tokens but never explained the final destination of the tokens. This burn is to eliminate uncertainty and boost market confidence
The subsequent mechanism is as follows:
- Within the next year, 50% of net transaction fee income will be automatically used to repurchase and immediately burn $PUMP
- The remaining 50% will be used for operations, team recruitment, and marketing
The project's goal is to minimize token circulation as much as possible and create a healthy ecosystem that can operate for decades.