According to WuTalk, PumpFun announced that it has destroyed all previously repurchased PUMP tokens, worth approximately $370 million and accounting for about 36% of the circulating supply, in response to market concerns about the purpose and sustainability of the buybacks. Additionally, they revealed that over the next year, 50% of their revenue will be allocated to programmatic buybacks and token burns to reduce circulating supply and enhance mechanism certainty. This move comes as an adjustment to address trust issues in the market after about 9 months of high-revenue operations. https://(wublock123.com)/news/pumpfun-burns-370m-pump-tokens-50pct-revenue-buyback-burn-60262