🚨 PUMP JUST HIT ANOTHER BIG BUYBACK MILESTONE
Pump.fun’s own token dashboard now shows $474.55M worth of PUMP bought back and burned, representing about 169.90B PUMP, or roughly 16.99% of the 1 trillion maximum supply.
The mechanism is straightforward: Pump.fun says 50% of its revenue is allocated to buying PUMP on the open market and burning those tokens. The dashboard records the burns on-chain.
The latest daily data also shows 194.8M PUMP burned on October 4, using about $1.26M for the buyback.
But keep this distinction clear:
A token burn reduces supply. It does NOT guarantee a higher PUMP price.
For PUMP, the real metric to watch is whether Pump.fun can keep generating enough activity and revenue to sustain the mechanism.
$PUMP
.
.
.
#PumpFun #Solana #Write2Earn
Not financial advice. DYOR.
Pump.fun’s own token dashboard now shows $474.55M worth of PUMP bought back and burned, representing about 169.90B PUMP, or roughly 16.99% of the 1 trillion maximum supply.
The mechanism is straightforward: Pump.fun says 50% of its revenue is allocated to buying PUMP on the open market and burning those tokens. The dashboard records the burns on-chain.
The latest daily data also shows 194.8M PUMP burned on October 4, using about $1.26M for the buyback.
But keep this distinction clear:
A token burn reduces supply. It does NOT guarantee a higher PUMP price.
For PUMP, the real metric to watch is whether Pump.fun can keep generating enough activity and revenue to sustain the mechanism.
$PUMP
.
.
.
#PumpFun #Solana #Write2Earn
Not financial advice. DYOR.
