Pump.fun (PUMP), a Solana (SOL)-based memecoin issuance platform, announced a change in its strategy, which previously allocated 100% of its net protocol revenue to PUMP token buybacks, and will reduce the buyback allocation ratio to 50%. On this day, Pump.fun stated, "Over the past 9 months, approximately $370 million worth of PUMP tokens have been bought back and all have been burned. This accounts for 36% of PUMP's circulating supply. For the next year, 50% of the protocol's revenue will be allocated to a smart contract-based automated buyback and burning program, and the remaining 50% will be used for company operations, including product development, hiring, marketing, and potential mergers and acquisitions."
