Solana memecoin launchpad pumpfun announced Monday evening on X that it has burned approximately $370 million worth of previously bought-back PUMP tokens — roughly 36% of the circulating supply — and is pivoting to a programmatic buyback-and-burn policy funded by 50% of all future revenue for one year.
PUMP briefly rallied 5% on the news today, before retracing and is now flat over the past 24 hours.
The move marks a significant structural shift for the platform. Since launching, pumpfun had been directing 100% of revenue toward PUMP buybacks, but the approach drew persistent community criticism over a lack of transparency — specifically around what would happen to repurchased tokens and whether buybacks would continue long-term.
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