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Pump.fun Burn Token $PUMP Equivalent to $370 Million and Launching New Buyback Scheme

The memecoin platform launchpad Pump.fun officially announced the process of burning all $PUMP tokens from buyback worth approximately $370 million. This amount accounts for about 36% of the total circulating supply in the market. This step was taken to boost community trust and minimize uncertainty regarding the use of tokens that have been repurchased by the development team.
​In addition to the massive burn, Pump.fun also announced the initiation of a permanent programmatic buyback and burn scheme through a smart contract for the next year. In this new scheme, 50% of the platform's net revenue from Bonding Curve, PumpSwap, and Terminal will automatically be used to buy $PUMP on the open market and immediately undergo a burn process. This system is designed to be transparent and can be monitored directly by the public on-chain.
​Pump.fun explained that the remaining 50% of the revenue will be allocated for company operations, product development, and strategic acquisitions to ensure the long-term sustainability of the ecosystem. This move marks a shift in Pump.fun's business model from previously allocating 100% of revenue for buyback without a clear burn mechanism, to a more sustainable system expected to aggressively reduce $PUMP supply in the market.