TechFlow News, April 29: According to an official announcement from Pump.fun, the platform has completed the burn of all previously repurchased $PUMP tokens, totaling approximately $370 million—roughly 36% of the circulating supply. The burn was executed via two on-chain transactions at 20:52 UTC.
Simultaneously, Pump.fun announced the launch of a programmable buyback-and-burn mechanism: for the next 12 months, 50% of its net revenue will be used to repurchase $PUMP tokens on the open market, with 100% of those repurchased tokens burned immediately. This mechanism is enforced via an immutable smart contract and covers revenue streams from Pump.fun’s three core product lines—the bonding curve, PumpSwap, and Terminal. Its execution comprises four steps: fee collection, aggregation into an intermediate wallet, token repurchase, and immediate burn—all of which can be tracked in real time at fees.pump.fun.
The remaining 50% of revenue will fund business operations and ecosystem development, including team expansion, strategic investments, and marketing initiatives. Pump.fun stated that this move aims to address community concerns regarding the long-term value of the token and the transparency of the buyback mechanism, with the overarching goal of continuously reducing the circulating supply.
