voidx

Why we burned $370M worth of $PUMP tokens Over the past ~9 months, despite being one of the biggest revenue generating platforms in crypto and allocating 100% of revenue to buybacks, we believe there was a lack of trust - in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for. Today, uncertainty is being addressed head-on by taking a community-first approach. The initial step involves burning ~$370M worth of $PUMP tokens, around ~36% of the circulating supply, as a gesture of trust for the community. The burn occurred today at 20:52 UTC across 2 transactions. View the burn transactions here: solscan.io/tx/5yc86uJeUcoJrs… solscan.io/tx/3yXmFwbvspergx…