Pumpfun founder Alon announced on the X platform that over the past nine months, PUMP has used 100% of its revenue for buybacks. According to Odaily, approximately $370 million worth of PUMP was destroyed today, accounting for 36% of the circulating supply. Additionally, PUMP has committed to allocating 50% of its revenue over the next year to programmed buybacks and destruction, while the remaining 50% will be directed towards business growth, product development, infrastructure building, and ecosystem reinvestment. Alon stated that this initiative aims to enhance community trust and ensure long-term business growth.