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Post #1372 35
🖇️ Pumpfun Replied To Pumpfun

Reflecting on pump fun’s journey so far

Pump fun was launched in January 2024 by a group of crypto natives who were tired of endless rugs & presale scams and wanted a safer, scalable system for anyone to tokenize anything in the most successful and fun way possible.

Pump fun rapidly achieved PMF, with Hundreds of Billions of Dollars in lifetime volume, >$1B revenue & some of the biggest success stories of this cycle - all of which were unprecedented achievements in our industry.

Later came the $PUMP token sale, raising $500m from the public in 12 minutes and a total of over $1B which helped to expand the ecosystem over a long term time horizon.

Now, one of our core focuses is to increase trust among the community and decrease uncertainty by burning ~$370M worth of $PUMP tokens (~36% of circulating supply) and initiating an irreversible programmatic buyback & burn scheme with 50% of revenues for the next year.
🧵 Thread • FxTwitter Pump.fun (@Pumpfun) The future of $PUMP We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community. On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue…
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