Pump.fun has burned 17% of its token supply and the SEC just cleared the path

Pump.fun's buyback and burn program has topped $466 million, destroying nearly 17% of PUMP's original token supply, and PUMP jumped as much as 20% this week after the SEC issued staff guidance saying such buyback programs don't automatically make a token a security. Weekly platform revenue hit $9.7 million, up from $7.5 million, with a new Custom Pairs feature adding a second funding stream for future burns.