The blurred supply represented 36% of $PUMP's total circulating supply,
Pump Token News
Solana meme coin launchpad Pump.fun has burned all previously bought-back $PUMP tokens, valued at approximately $370 million at the time of the transaction. The burned supply represented 36% of $PUMP's total circulating supply, according to a post the platform shared on X Tuesday.
The platform is simultaneously launching a programmatic buyback-and-burn program that will direct 50% of net revenue toward purchasing and permanently removing $PUMP from the open market. The mechanism will operate for one year through an irreversible locked SmartContract, drawing from revenue generated by the Pump.fun bonding curve, PumpSwap, and Terminal.
Pump.fun cited eroding community confidence as the driving force behind both decisions. "We believe there was a lack of trust, in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for," the platform wrote on X, framing the burn and new program as a direct response to that concern.
The remaining 50% of revenue will go toward hiring, product development, and marketing across the platform's suite of products. Co-founder Alon Cohen said the split is designed to fund long-term platform growth rather than maximize short-term token price impact.
"A large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products," Cohen wrote. "Every dollar not burned is a dollar being put to work toward the same outcome."
Cohen also described a longer-term ambition to evolve Pump.fun beyond its origins as a meme coin launcher. He outlined a goal of making it the default infrastructure for launching any tokenizable asset, a shift he said would require sustained capital deployment over the coming decade.
The announcement follows a milestone Pump.fun reached last month, when it became the first platform on SOL to surpass $1 billion in cumulative revenue since its January 2024 launch. DefiLlama data shows the platform generated over $664 million in combined revenue across its bonding curve, PumpSwap, and Padre products, with nearly $150 million recorded so far in 2026.
$PUMP rose 7.1% in the 24 hours following the announcement, reaching $0.0019. The Pump.fun token's gains came alongside the burn news as markets responded to the new supply reduction commitment.
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