CryptoWorld News reports that pump.fun has announced the burning of tokens worth approximately $370 million, about 36% of its circulating supply. The Solana-based platform has also launched a new one-year buyback and burn program, planning to allocate 50% of future net revenue to purchase and permanently burn pump tokens on the market, with the remaining 50% used for business expansion. pump.fun states that burning tokens will reduce supply, create scarcity, and potentially support long-term value. The company also plans to support this initiative through revenue generated from multiple ecosystem products.