PUMP Rises Over 6% as Pump.fun Executes $370 Million Token Burn
The burn removed about 36% of the circulating supply across two on-chain transactions, according to the platform. Why the Burn Marks a Shift for Pump.fun In a post on X, Pump.fun framed the move as a “gesture of trust for the community.” “Over the past ~9 months, despite being one of the biggest revenue-generating platforms in crypto and allocating 100% of revenue to buybacks, we believe there was a lack of trust in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for. Today, uncertainty is being addressed head-on by taking a community-first approach,” the post read. today is a turning point for $PUMP and pump fun I want to give more context on the bigger picture and where were actually going. over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale. however, we… https://t.co/3WTAHH1fUX — alon (@a1lon9) April 28, 2026 In addition to the burn, the team also announced the launch of a structured buyback and burn program. Under the model, 50% of revenue generated from core products, including the bonding curve, PumpSwap, and its terminal, will route through intermediary wallets. Those funds will then consolidate into 1