Pump.fun has cumulatively bought back and burned nearly 15% of the PUMP supply, with protocol revenue of $5.9 million last week.
According to ChainCatcher, Pump.fun co-founder Sapijiju stated that from July 6 to 12, Bonding Curve, PumpSwap, and Terminal generated a total of 5.9 million USD in protocol fees. Of these, 50% of the net fees were used, via locked smart contracts, to automatically buy back and burn PUMP. Over the past 7 days, the amount bought back and burned exceeded 3 million USD, and the cumulative amount has reached the equivalent of 14.987% of PUMP's total supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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