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Pump.fun ditches its 'use all revenue to burn tokens' policy as model fails to support price
13 Articles
13 Articles
Pump.fun ditches its 'use all revenue to burn tokens' policy as model fails to support price
The Solana memecoin launchpad will now split revenue evenly between buybacks and operations, replacing a nine-month policy that funneled every dollar into burning PUMP.
Pump.fun Burns 36% of $PUMP Supply, Triggering Backlash Over Lost Airdrop Expectations
TL;DR: The platform permanently destroyed approximately 127 billion tokens, equivalent to about 370 million dollars, through verified transactions on Solscan. The team argues that this measure seeks to build long-term trust and eliminate confusion regarding the use of funds from buybacks. A large portion of users criticizes the decision, as they expected these assets to be redistributed through incentives or a massive community airdrop. The mem…
The Pumpfun platform executed one of the most aggressive tokenomics movements of the year in the crypto ecosystem: the burning of approximately $370 million in PUMP tokens, equivalent to about 36% of the circulating supply, while announcing a structural shift towards a model of buy-back and burn financed with 50% of its future revenues over the next 12 months. The announcement, made Monday through X, provoked an immediate reaction in the market.…
Pumpfun Announces 50% Revenue Buyback-and-Burn Model
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 f…
Pump.fun Burns $370M in PUMP Tokens to Fight Slumping Prices Amid Major Unlock
The volatile nature of memecoins and their infrastructure has been on display lately with some big financial moves. The Solana-based project, Pump.fun has changed the world of creating tokens and, sometimes, has caused division among the different users. Recently, Pump.fun announced that they will be burning $370 million worth of their native PUMP token. It is estimated that this accounts for around 36% of the current circulating supply and is b…
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