PUMP token rose more than 6% in 24 hours after Pump.fun burned roughly $370 million worth of tokens, significantly reducing circulating supply.
The burn eliminated about 36% of total supply through two onchain transactions, marking one of the largest supply reductions for the project to date.
“Today, uncertainty is being addressed head-on by taking a community-first approach,”
Pump.fun said, outlining efforts to rebuild trust in its token model.
The platform also introduced a structured buyback and burn mechanism, committing 50% of revenue from core products to ongoing token purchases and destruction for the next year.
The remaining revenue will be retained for operations, including product development, hiring, marketing and potential acquisitions, balancing growth with supply reduction.
Following the update the PUMP price was up 6% at $XX.
The move signals a shift toward more predictable tokenomics, as Pump.fun aims to address concerns over sustainability and strengthen long-term investor confidence.
At the time of reporting, Pump.fun price was $0.001901.