News

BlockBeats News, April 29th, Pump.fun officially announced that it has permanently burned all PUMP tokens accumulated through buyback, with a value of approximately $370 million, accounting for 36% of the current circulating supply. Pump.fun has also launched a 1-year programmatic buyback and burn plan, which will allocate 50% of the platform's revenue to repurchase PUMP tokens on the open market and burn them immediately. The remaining 50% of the revenue will be used for team operations, product development, ecosystem building, etc., to ensure the sustainable growth of the project. Pump.fun stated that this move is aimed at rebuilding community trust, reducing the circulating supply, and increasing the long-term value of the token. According to an exchange market data, the price of PUMP has surpassed $0.019, with a 24-hour gain of 7.1%.

Wintermute stated that Bitcoin remained stable above $76,000 due to ETF inflows and short covering. At the same time, the stock market reached a record high, oil prices rose by about 15%, and the U.S. consumer confidence index fell to 49.8. (Cointelegraph)

An address that participated in the Ethereum ICO in 2015 has, for the first time, transferred 10 thousand ETH (worth 22.9 million USD), with the funds moving to address 0xCD59. The Ethereum ICO price was 0.311 USD, making these 10 thousand ETH worth 3,110 USD at the time; now, they are valued at 22.9 million USD. (Yujin)