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Pump.fun Burns $370 Million in PUMP, Locks 50% of Revenue Into Yearlong Buybacks

The shift aims to balance ongoing token burns with funding to keep the business growing.

Overview

  • Pump.fun, which burned about $370 million in two on-chain transactions Tuesday, removed roughly 36% of PUMP’s circulating supply.
  • For the next year, 50% of net revenue from its Bonding Curve, PumpSwap, and Terminal products will flow into a locked smart contract that auto-buys PUMP and immediately burns it to provide on-chain transparency and rebuild trust.
  • The remaining 50% of revenue will fund operations, hiring, marketing, and potential acquisitions to support long-term growth after nine months of using 100% of revenue for buybacks.
  • PUMP jumped more than 10% on the announcement before easing, with reports showing a daily gain of roughly 3%–8% near $0.00184.
  • Pump.fun reports more than $1 billion in cumulative revenue since January 2024, though DefiLlama shows 2026 revenue running below 2025 peaks, which could limit future burn sizes unless demand picks up.