Pump.fun burns $370M in PUMP and commits half of next year’s revenue to buybacks
Tech Pump.fun burns $370M in PUMP and commits half of next years revenue to buybacks Pump.fun burned about $370 million worth of PUMP tokens and launched a one-year programmatic buyback and burn plan that will use 50% of platform revenue to purchase and destroy its native token. The future of $PUMP We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community. On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to… — Pump.fun (@Pumpfun) April 28, 2026 The move marks a shift in how Pump.fun is trying to defend the tokens value after months of community concerns over whether buybacks would continue and what the team would do with tokens it had already repurchased. PUMP initially surged more than 10% on the news before retracing most of the gains. At press time, the token was up about 3% and trading near $0.00184. The burn removed roughly 36% of PUMPs circulating supply, according to Pump.fun. The platform said all previously bought back PUMP tokens were destroyed across two transactions, turning months of revenue funded purchases into a permanent supply reduction. The new structure reduces the buyback