Summary
- Pump.fun said it burned all previously repurchased PUMP tokens it was holding, worth about $370 million, removing roughly 36%% of the circulating supply.
- The company said the move was intended to eliminate market uncertainty over how buyback funds would be used and whether they would be deployed, while reducing token supply and improving policy transparency.
- Pump.fun said it plans to allocate 50%% of platform revenue generated over the next year to an automated buyback-and-burn program to keep shrinking circulating supply and improve the predictability of the token economy.
Forecast Trend Report by Period
Pump.fun, a meme-coin issuance platform, is rolling out a regular buyback policy after executing a large token burn.
On April 28, Pump.fun wrote on X that it had burned all previously repurchased PUMP tokens it was holding. The burn was worth about $370 million and removed roughly 36% of the token's circulating supply.
The company said the move was meant to eliminate market uncertainty over how buyback funds would be used and whether they would be deployed. It also described the decision as a way to reduce token supply and improve policy transparency.
Pump.fun also plans to allocate 50% of platform revenue generated over the next year to an automated buyback-and-burn program. The mechanism is intended to keep reducing circulating supply and improve predictability in the token economy.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
