Key Takeaways:
Pump.fun burned roughly $370 million in PUMP tokens on Wednesday, cutting circulating supply by 36%. The platform locked 50% of net fees from Bonding Curve, Pumpswap, and Terminal into buybacks. PUMP’s 24-hour trading volume surged 137.87% to $161 million following the burn announcement. What Pump.fun Is Burning and WhyThis marks a shift from Pump.fun’s previous model, under which 100% of platform revenue went toward buybacks. The platform has generated more than $1 billion in lifetime revenue since launching.
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