Pump.fun co-founder alon said on X that roughly $5.9 million worth of PUMP has been removed from circulation since the platform rolled out its Custom Pairs feature last month. According to his post, that amount represents 0.33% of the token’s current circulating supply. He said the figure mainly consists of tokens locked in liquidity pools, tokens that have been burned, and tokens held in the protocol fee wallet. Alon also gave an annualized estimate based on current trading activity in PUMP-related pairs. If that pace holds, the amount of PUMP leaving circulation each year would equal about 3.35% of the token’s current circulating supply. In the same post, he said growing on-chain trading activity could allow Custom Pairs to bring additional trading volume and buy-side demand to smaller-cap meme coins and other on-chain tokens.
Pump.fun co-founder alon said in a post on X that about $5.9 million worth of PUMP has left circulation since Pump launched its Custom Pairs feature last month, an amount he said equals 0.33% of the token’s current circulating supply.
He said the tokens counted as removed from circulation mainly include PUMP locked in liquidity pools, burned tokens, and tokens held in the protocol fee wallet.
Annualized figure put at 3.35%
Alon said that if activity in PUMP-related trading pairs stays at current levels, the amount of PUMP leaving circulation on an annualized basis would be equivalent to about 3.35% of the token’s current circulating supply.
View on smaller on-chain tokens
He also said that as on-chain trading activity grows, Custom Pairs could bring more trading volume and buy-side demand to smaller-cap meme coins and other on-chain tokens.
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