Pump.fun burns $370M of $PUMP and launches a 1-year buyback program — 36% of supply gone!

Pump.fun has torched roughly $370 million worth of $PUMP tokens — equivalent to 36% of circulating supply — and paired the burn with a structural buyback program that allocates 50% of net revenue to purchasing and destroying additional tokens on an ongoing basis. The dual move is one of the most aggressive supply-reduction plays seen on a Solana-native launchpad.

On the fee leaderboard, Pump.fun's dominance is hard to dispute: $24.8M in 30-day fees dwarfs Bags ($1.46M), Bonk.fun ($888K), Printr ($462K), and LaunchLab ($61.8K) combined. The gap is wide, but Printr is drawing attention with its Proof of Belief Staking model and institutional backing from Bybit and Mantle.

Whether the buyback mechanism translates into sustained price support for $PUMP depends on whether fee revenue holds — and whether challengers like Printr can chip away at Pump.fun's user base before the next meme…