Pump.fun cuts daily PUMP buyback 40% to $590K
- —135.5M PUMP burned for $590.4K on October 25
- —Prior buyback on October 19 was $983.7K, down about 40%
- —Protocol fees for September 28 to October 4 reached $16.32M
- —PUMP fell 23.4% over two weeks while SOL dropped 8.5%
Why it matters: The shrinking buyback points to weaker platform revenue and reduces the burn-driven support for the PUMP price.
Source: TokenPost