Pump.fun generated $7.2M in fees last week, continues PUMP buybacks

Pump.fun (PUMP) announced that it generated $7.2 million in fees over the past week from its Bonding Curve, PumpSwap, and Terminal services. The protocol uses 50% of its net fees for automatic buybacks and burns of PUMP through a locked smart contract. As a result, $3.7 million worth of PUMP has been bought back and burned over the last seven days. To date, the total amount burned accounts for 41.80% of the token's circulating supply.