Pump.fun has announced the burning of all previously repurchased PUMP tokens, totaling approximately $370M. This represents about 36% of the current circulating supply. The burn took place on April 28 through two separate transactions.
Simultaneously, the platform launched a programmatic buyback-and-burn mechanism, where 50% of revenue will be automatically directed to this process over the next year.
According to the team, Pump.fun has been allocating 100% of its revenue to PUMP buybacks for the past nine months. However, community distrust persisted as it remained unclear what was happening to the repurchased tokens and how long the buyback commitments would last.
“The $370M burn is a direct response to this uncertainty,” the project stated in its announcement.
The system operates through a smart contract: 50% of net fees from the Bonding Curve, PumpSwap, and Terminal are sent to intermediate wallets, which are then consolidated into two dedicated wallets for buybacks and burning. The contract is locked and cannot be modified for one year.
The team also explained the decision not to commit 100% of revenue to burning. The remaining 50% will be used for product development, hiring, marketing, and strategic acquisitions.
“50% of the business we are building will surpass 100% of what we have today,” wrote Alon Cohen, the platform’s co-founder.
The one-year horizon was chosen intentionally: a shorter timeframe would create uncertainty, while a longer one would limit the project’s flexibility in managing the ecosystem.
The project team also stated that they do not see their goal as just being a memecoin launchpad. Instead, they aim to become a universal platform for launching and trading any tokenized assets.
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