According to The Defiant, the Solana meme coin launch platform Pump fun has cumulatively repurchased over $400 million worth of PUMP tokens since July last year. As of Monday, its on-chain dashboard shows cumulative repurchases of approximately $400.9 million, or about 145.5 billion PUMP, which were immediately burned. Pump fun attempts to link PUMP's value to its platform cash flow through revenue-based buybacks and burns, but the price has still fallen about 83% from its high of around $0.0088 last September, and has dropped about 16% in the past 30 days.

SOL1.48%
PUMP0.69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned