Pump.fun Burns $370 Million in PUMP Tokens and Locks 50% of Revenue Into Buybacks
Key Takeaways: The token remains roughly 84% below its all-time high of $0.01214, reached in July 2025 when Pump.fun’s initial coin offering (ICO) raised $600 million in just 12 minutes before the token fell sharply below its ICO price. The new buyback-and-burn structure is designed to apply consistent deflationary pressure on supply rather than relying on one-time manual actions, locking the commitment into code and removing it from team discretion. By securing a dedicated operational budget alongside this verifiable, trustless burn mechanism, Pump.fun aims to stabilize its market position, fund future development, and ultimately restore investor confidence following its volatile post- ICO performance within the broader Solana ecosystem.About Author
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