Pump.fun burned about $370 million worth of PUMP tokens and launched a one-year programmatic buyback and burn plan that will use 50% of platform revenue to purchase and destroy its native token.

The future of $PUMP

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…

— Pump.fun (@Pumpfun) April 28, 2026

The move marks a shift in how Pump.fun is trying to defend the token’s value after months of community concerns over whether buybacks would continue and what the team would do with tokens it had already repurchased.

PUMP initially surged more than 10% on the news before retracing most of the gains. At press time, the token was up about 3% and trading near $0.00184.

The burn removed roughly 36% of PUMP’s circulating supply, according to Pump.fun. The platform said all previously bought back PUMP tokens were destroyed across two transactions, turning months of revenue funded purchases into a permanent supply reduction.

The new structure reduces the buyback allocation from the previous 100% revenue model to 50% of net revenue for the next year. Revenue from Pump.fun’s bonding curve, PumpSwap, and Terminal will be routed through intermediary wallets into buyback and burn wallets, which will purchase PUMP on the open market and immediately burn the tokens.

The remaining 50% of revenue will be retained for operations, hiring, marketing, acquisitions, and new products, according to founder Alon. He said the business needs revenue to keep growing, arguing that half of a larger platform could become more valuable than all the platform’s current revenue being spent on buybacks.

today is a turning point for $PUMP and pump fun

I want to give more context on the bigger picture and where we're 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

The announcement also reframes Pump.fun’s broader strategy beyond its original memecoin launchpad business. Alon said the company wants to build the default venue for tokenizing and trading new asset classes onchain, including community coins, project coins, attention coins, startup coins, and other assets that emerge from internet culture.

The decision comes as Pump.fun remains one of crypto’s highest revenue generating applications. The platform said it has processed hundreds of billions of dollars in lifetime volume and generated more than $1 billion in revenue since launching in January 2024.