Pump.fun, the Solana-based meme coin launchpad, said it permanently burned about $370 million worth of previously repurchased $PUMP tokens, removing roughly 36% of circulating supply. The company said the burn was meant to address concerns about trust and token alignment after a period in which 100% of platform revenue had been used for buybacks. Alongside the burn, Pump.fun changed its token-support model from using all revenue for repurchases to directing 50% of net revenue from its Bonding Curve, PumpSwap, and Terminal products into a programmatic buyback-and-burn system for the next year, with the purchases executed through a locked smart contract and immediately burned. The other 50% will fund operations, hiring, product development, and marketing, marking a shift from a purely price-supportive approach toward a more durable operating budget. The move matters because it locks future token support into code rather than discretionary team action, which is intended to improve transparency and predictability for holders. It also reflects a broader effort by Pump.fun to stabilize confidence in the $PUMP token after volatile post-launch trading and concerns about how the platform would use accumulated tokens and revenue.

AI-generated background, compiled from web sources โ€” not editorial content.

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