Pump.fun has repurchased and destroyed nearly 15% of the PUMP supply, with last week's protocol revenue at 5.9 million USD

Pump.fun co-founder Sapijiju stated that from July 6 to July 12, Bonding Curve, PumpSwap, and Terminal generated a total of $5.9 million in protocol fees, of which 50% of the net fees are used for automatic buybacks and burning of PUMP through locked smart contracts. In the past 7 days, the amount for buybacks and burns exceeded $3 million, and the cumulative scale is equivalent to 14.987% of the total supply of PUMP.