Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Pump.fun continues to repurchase PUMP, with a total investment of $250 million over six months, and the circulating supply has shrunk by nearly 20%.
【Blockchain Rhythm】Pump.fun has played new tricks in the token economy. According to fee tracking data, yesterday this platform spent 8,751 SOL (equivalent to approximately $1.27 million) in a single day to buy back PUMP, reclaiming 431.3 million tokens in one go.
What’s even more noteworthy is the long-term effect—since launching the buyback program in mid-July, Pump.fun has invested about $250 million in continuous buybacks, which directly caused the circulating supply of PUMP to shrink by 19.449%. In other words, each buyback is adding value to the tokens held by investors. This ongoing buy-and-burn strategy is considered a relatively aggressive deflationary approach within the SOL ecosystem projects.