Justin Sun: SunPump Meme Coin Community Chooses Clarity Over Confusion

Justin Sun Announces On-Chain Repurchase for SunPump Meme Coin Community After Vote

The community around the SunPump meme coin has opted to go ahead and initiate a 100% on-chain repurchase and burn procedure, according to a statement made by Tron founder Justin Sun. The decision was made in response to a community discussion that shifted away from the original plan to burn liquidity pool (LP) tokens, according to Sun’s X post.

Many community members don’t fully understand what LP token burning means, which can lead to misunderstandings.

Sun

SunPump’s New On-Chain Buyback and Burn Procedure Goes Live, Simplifies Liquidity Management

The original recommendation to burn LP tokens was motivated by the beneficial behaviors of other popular meme coins, such as Shiba Inu. Sun outlined the benefits of LP token burning, which makes it possible to deepen token liquidity while maintaining usability and regulatory compliance. Sun thinks a new implementation of a 100% on-chain buyback and burn procedure could provide a better solution because of the complexity of LP token burning.

According to Sun, a new buyback and burn procedure that is simpler, easier to verify, and eliminates complications will go into effect today, September 3. The straight implementation of a 100% on-chain buyback and burn procedure means that no justifications will be needed because all funds destroyed will be tracked on-chain for irreversible verification.

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