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Wu Says Learned that Sapijiju, co-founder of Pump fun, said that from July 6 to 12, Bonding Curve, PumpSwap, and Terminal generated a total of $5.9 million in protocol fees, of which 50% of the net fees were used for automatic buybacks and burning PUMP via locked smart contracts. In the past 7 days, the buyback and burn amount exceeded $3 million, and the cumulative size is already equal to 14.987% of the total PUMP supply.