Pump.fun's PUMP Jumps 50% in a Week as a Sixth of Supply Is Burned
- —PUMP rose from €0.00333 to €0.00526 in a week, a gain of 49.6%
- —About 169.3 billion PUMP burned, or 16.9% of the 1 trillion maximum supply
- —Buybacks totaled $7.3 million over seven days and $23.6 million over 30 days
- —Pump revenue hit $16.1 million in a week, with $10.2 million from the launchpad
Why it matters: The model hinges on launchpad revenue: cooling memecoin interest would cut fees and buybacks together.
Source: CryptoTicker