Pump.fun Burns $370 Million of Its Own Token Circulating Supply

• Pump.fun burned 36% of PUMP’s circulating supply in two on-chain transactions on Tuesday.
• Platform locked 50% of all future net revenue into an irreversible buyback and burn contract.
• Nine months of buybacks failed to build trust, so Pump.fun destroyed all repurchased tokens.

Solana-based token launchpad Pump.fun burned approximately $370 million worth of previously repurchased PUMP tokens on Tuesday, eliminating roughly 36% of the token’s circulating supply in two on-chain transactions confirmed at 20:52 UTC. 

The platform simultaneously announced it had locked 50% of all future net revenue into an irreversible smart contract programmed to buy and burn additional tokens automatically for the next twelve months.

The Problem It Was Solving

Pump.fun acknowledged that despite directing 100% of revenue toward token buybacks over the past nine months, the program …

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