🪐 PUMP token incinerates 12.8% supply after $371M buy‑back Over the past ten months Pump used all collected fees to repurchase 128.2 bn PUMP at an average $0.0029, roughly 60 % above today’s market price, and this morning it burned the entire stash. The burn instantly shrinks supply, but the underlying buying power vanished, leaving the protocol without a clear revenue engine. If the fee‑driven repurchase pipeline stalls at 50 % next year, price support could evaporate, nudging bearish pressure. Yet the dramatic supply cut could trigger short‑term speculative buying, especially if BTC and ETH rally and spill risk appetite into alt‑tokens. 🕸️ ⚡ The burn is a one‑off fireworks show, not a sustainable catalyst. ⚠️ Personal analysis only. Not financial advice. DYOR. #PUMP #CryptoSupply #OnChain