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More Than $287 Million in SOLs Removed From Circulation by Pump.fun Mechanism

  • With the implementation of the new Graduated Token Mechanism, over 1.38 million SOL tokens worth over $287 million have been removed.
  • The mechanism utilizes Raydium liquidity pools to 'burn' SOL tokens, making them unavailable for trading or use on the market.
  • This mechanism creates scarcity, supporting the SOL price and strengthening its position in the crypto market.
  • Pump.fun's Graduated Token Mechanism is gaining attention and evolving in the DeFi space.

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