Pump.fun destroys $370M of PUMP tokens, rolls out smart-contract buyback-and-burn program

Pump.fun has burned all previously repurchased PUMP tokens, totaling about $370 million and roughly 36% of circulating supply, according to Mars Finance. The project also introduced an automated buyback-and-burn framework that commits 50% of net revenue over the next 12 months to market purchases of $PUMP, with 100% of acquired tokens immediately burned. The process is governed by an irreversible smart contract and applies to revenues from Pump.fun's three product lines: the bonding curve, PumpSwap, and Terminal. Execution follows four stages—fee aggregation, consolidation via an intermediate wallet, repurchase, and burn—with on-chain progress viewable in real time at fees.pump.fun. The remaining 50% of net revenue will be directed to operations and ecosystem growth, including team hiring, strategic investments, and marketing. Pump.fun said the plan is intended to address community questions around long-term token value and buyback transparency while steadily reducing circulating supply.