Hassan Maishera
TL;DR
- Pump.fun, the Solana-based memecoin launchpad, has burned $370 million worth of PUMP tokens, representing 36% of its circulating supply.
- The platform is launching a new buyback-and-burn program funded by 50% of future net revenue to enhance trust and reduce supply.
Pump.fun Launches a Buyback Program
Pump.fun, a Solana-based memecoin launchpad, announced on Tuesday that it has burned all of its bought-back PUMP tokens, totaling approximately $370 million, which represents 36% of the token’s circulating supply.
The platform also revealed a new buyback-and-burn initiative, funded by 50% of future net revenue, designed to reduce supply and boost confidence in the ecosystem.
The future of $PUMP
— Pump.fun (@Pumpfun) April 28, 2026
We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community.
On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to…
This latest development addresses previous concerns around trust and the use of bought-back tokens, with the company stating that it is now taking a community-first approach.
In addition to the burn, Pump.fun will allocate 50% of its net revenue for the next year to automatically buy back and burn PUMP tokens via an irreversible smart contract.
This is set to remove a significant portion of the circulating supply to enhance the token's sustainability and build trust within the community.
The remaining 50% of the revenue will be reinvested into the business to support product development, recruitment of elite teams, and aggressive marketing campaigns.
While discussing this decision, Alon Cohen, co-founder of Pump, said the platform made the decision to shift from using 100% of revenue for token buybacks to the new 50% model. He emphasized the need for a large treasury to make long-term investments while still maintaining a focus on product innovation.
Pump.fun recently became the first platform on Solana to surpass $1 billion in cumulative revenue since its January 2024 launch, having earned over $664 million in revenue from its memecoin launchpad, PumpSwap, and Padre. The platform has already reported nearly $150 million in revenue this year alone.
