PUMP briefly rallied today on news that the platform has burned ~36% of the token’s circulating supply from previous buybacks.<\/p>\n
Solana memecoin launchpad pumpfun announced<\/a> Monday evening on X that it has burned approximately $370 million worth of previously bought-back PUMP tokens \u2014 roughly 36% of the circulating supply \u2014 and is pivoting to a programmatic buyback-and-burn policy funded by 50% of all future revenue for one year.<\/p>\n PUMP<\/a> briefly rallied 5% on the news today, before retracing and is now flat over the past 24 hours.<\/p>\n The move marks a significant structural shift for the platform. Since launching, pumpfun had been directing 100% of revenue toward PUMP buybacks<\/a>, but the approach drew persistent community criticism<\/a> over a lack of transparency \u2014 specifically around what would happen to repurchased tokens and whether buybacks would continue long-term.<\/p>\n Now, rather than accumulating bought-back tokens in a treasury, pumpfun will burn 100% of all future buyback purchases immediately upon acquisition, the company explained. The 50% buyback allocation covers net revenue from its Bonding Curve, PumpSwap, and Terminal products. The remaining 50% will fund operations, hiring, and strategic investments, pumpfun said in the X post. <\/p>\n In a separate post on X, co-founder Alon framed<\/a> the change as essential for long-term sustainability, explaining the need to cut the buyback rate in half to 50% to leave revenue for the project to invest in growth, stating: \u201cI am extremely confident that 50% of the business we’re building toward will dwarf 100% of the business we have today.\u201d<\/p>\n Pumpfun has generated over $1 billion in gross protocol revenue<\/a> since launching in early 2024<\/a> and remains one of DeFi’s top fee-generating protocols<\/a>. <\/p>\n