Analysis: Pump.fun's planned increase in token buyback ratio has not been confirmed yet, and the community should remain cautious
BlockBeats News, July 29th, Dumpster DAO published an analysis on the "market rumor that Pump.fun will increase the token buyback ratio, using 100% of daily revenue for buyback": After monitoring the situation, it reminds the community to carefully watch on-chain data. Pump.fun currently only uses the recent 100% income for token buyback. Although Pump.fun bundled 100% of the income for token buyback in the past few days, it was not fully executed, giving reason to suspect that they are misleading on-chain observers. Furthermore, these tokens have never been burned or transferred anywhere, and there is currently no official announcement of a buyback system.
You may also like

Bitcoin mining companies flee for the Nth time

Stablecoin mergers: there will be no "winner takes all"

Warmonger Trump has forgotten about Americans waiting in airport lines for hours

Houthi Have a Checkpoint | Rewire News Morning Brief

The Money-Saving Philosophy of the AI Era: How to Spend Every Token Wisely

$240 Billion Dark Forest, The Fall of Iron Finance

3 hellos limit, where did your Claude Code limit go? A 28-day cache Bug, and an official response that encourages you to "use it sparingly."

How to Make Money on Polymarket Using AI?

Morning Report | YZi Labs strategically increases investment in Predict.fun; Drift Protocol suffers an attack with losses of at least $200 million; Coinbase's x402 joins the Linux Foundation

The $590 Billion Dream: How Did the Female Warren Buffett Fall from Grace?

Dialogue with the founder of Pantera: Bitcoin has reached escape velocity, traditional assets are being left behind

The growth dilemma of Base: everything was done right, yet users still leave

Predicting the World Cup "Showdown": Over 150 projects are gearing up, with a total investment of nearly 6 billion dollars

RootData launches the "A-Level Transparency Project Briefing," directly reaching the cryptocurrency listing decision-making chain

What does DeFi look like that Wall Street wants?

Drift Protocol Hack: Understanding One of the Largest Solana Ecosystem Breaches
Key Takeaways Drift Protocol, a decentralized exchange on Solana, experienced a $270 million hack, making it one of…

Navigating the Drift Protocol Security Incident: What You Need to Know
Key Takeaways On April 2, Drift Protocol experienced a security breach where a malicious actor gained administrative control.…

Upbit and Bithumb Designate DRIFT as a Trading Alert Item
Key Takeaways Upbit and Bithumb have labeled DRIFT as a “trading alert” asset following guidance from the Digital…
