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Pump.fun's buyback commitment raises doubts, Dumpster DAO reveals concerns about actual execution.
[Chain News] On July 29, it was reported that in response to the market news that "pump.fun promised to use 100% of daily revenue for buybacks," Dumpster DAO stated on social media: "It seems they did indeed conduct a 100% buyback in one day. However, a few days ago, even though they packaged 100% of the funds for buybacks, they did not execute it all, which makes us suspect they are engaging in pvp with blockchain observers. Moreover, no tokens have been burned or transferred anywhere. Due to the lack of any official communication or reliable buyback system, we have no reason to believe this situation will continue." As of now, Pump.fun has not made any official response to this market news.