Gate News Report, April 28 — Pump.fun announced on April 29 that it has burned all previously repurchased PUMP tokens, totaling approximately $370 million, about 36% of the circulating supply. The platform is launching a one-year programmatic buyback and burn plan, using 50% of future revenue to purchase PUMP tokens on the open market and immediately burn them. The buyback and burn process is automatically executed through an irreversible, lock-in smart contract. The remaining 50% of revenue will be used for operations, growth, and strategic investments, including hiring, product development, and marketing. Pump.fun stated that over the past nine months, it has used 100% of its revenue for buybacks; however, this lacked transparency and undermined community confidence. The new structure aims to balance token value management with sustainable platform operations.