Pump.fun has burned approximately $370 million worth of PUMP tokens and launched a new one-year programmatic buyback and burn initiative. Under this plan, 50% of the platform's revenue will be dedicated to purchasing and destroying its native token.
This move addresses community concerns about the future of token buybacks and the team's strategy for previously repurchased tokens. The substantial burn represents about 36% of PUMP's circulating supply, permanently reducing its availability. Previously, 100% of revenue was allocated to buybacks.
The revised structure will allocate 50% of net revenue for the next year to buybacks, with the remaining half retained for operational expenses, marketing, and new product development. Pump.fun aims to become a primary venue for tokenizing and trading diverse on-chain asset classes beyond its initial memecoin launchpad focus.
The platform has been a significant revenue generator, processing hundreds of billions in lifetime volume and generating over $1 billion in revenue since its launch in January 2024.