Pump.fun weekly protocol fees reach $7.2 million, 50% of net income used for PUMP buyback and burn

CoinFeed July 7 news, according to Pump.fun disclosure, for the week of June 29 to July 5, protocol fees from Bonding Curve, PumpSwap and Terminal totaled $7.2 million. 50% of net fees will be used for programmatic PUMP buyback and burn through a locked smart contract. Over the past 7 days, a total of $3.7 million worth of PUMP tokens have been bought back and burned. Currently, 41.8% of the total circulating supply has been bought back and burned.