PUMP token rallied by more than 6% over the past 24 hours after Pump.fun burned roughly $370 million in tokens, defying a downturn that pulled major large-cap assets lower.
Pump.fun (PUMP) Price Performance. Source: BeInCrypto MarketsThe burn removed about 36% of the circulating supply across two on-chain transactions, according to the platform.
Why the Burn Marks a Shift for Pump.fun
In a post on X, Pump.fun framed the move as a “gesture of trust for the community.”
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In addition to the burn, the team also announced the launch of a structured buyback and burn program. Under the model, 50% of revenue generated from core products, including the bonding curve, PumpSwap, and its terminal, will route through intermediary wallets.
Those funds will then consolidate into 1 or 2 wallets that purchase PUMP and burn it. Notably, the schedule is enforced by an irreversible smart contract that runs for 1 year.
According to the team, the revised 50% allocation balances supply reduction with long-term operational sustainability. The remaining revenue will be retained to fund growth initiatives, including product development, hiring, marketing, and potential acquisitions
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The post PUMP Rises Over 6% as Pump.fun Executes $370 Million Token Burn appeared first on BeInCrypto.
Source: https://beincrypto.com/pumpfun-pump-token-burn-rally-april-2026/
