Pump.fun Burns $370 Million of Its Own Token Circulating Supply

Solana-based token launchpad Pump.fun burned approximately $370 million worth of previously repurchased PUMP tokens on Tuesday, eliminating roughly 36% of the token’s circulating supply in two on-chain transactions confirmed at 20:52 UTC.  The platform simultaneously announced it had locked 50% of all future net revenue into an irreversible smart contract programmed to buy and burn […] Read The Full Article Pump.fun Burns $370 Million of Its Own Token Circulating Supply On Coin Edition.