Pump.fun burn 370M PUMP and put 50% of revenue for buybacks

Pump.fun don rush reset di PUMP token supply by burn about $370M worth of PUMP, weh di report talk say na like 36% of wetin dey circulate. Di mechanism na to remove tokens forever and reduce di tradable float, aim na make sell pressure reduce. To keep di deflation cycle, Pump.fun promise say 50% of future platform revenue go dey used do automatic PUMP buybacks for open market, wit di tokens dem buy dem go burn immediately ("buyback and burn"). Di article still talk say di platform daily revenue dey often pass $1M, weh mean steady flow go dey enter di PUMP buy-and-burn engine. After di burn, circulating supply shrink well (from about 1T tokens to roughly 332B). Market quick react: PUMP gain short-term and 24h volume rise, show say traders respond to di engineered scarcity. But co-founder Alon talk about transparency for di earlier model and how revenue go dey allocated to buybacks. Main trading takeaway na conditional: PUMP price support fit fade if memecoin demand and user activity drop, cos di buyback pace depend on continued revenue generation.