News linked to both this project and an event.
According to an official announcement by Pump.fun, the platform has completed the burning of all previously repurchased $PUMP tokens, amounting to approximately $370 million—roughly 36% of the circulating supply. The burn was executed via two on-chain transactions at 20:52 UTC. Simultaneously, Pump.fun has launched a programmable buyback-and-burn mechanism, allocating 50% of its net revenue over the next year toward publicly purchasing $PUMP on the open market and immediately burning 100% of the acquired tokens. This mechanism is enforced via an immutable smart contract covering revenue streams from Pump.fun’s three core product lines: the bonding curve, PumpSwap, and Terminal. Its execution comprises four steps: fee collection, aggregation into an intermediate wallet, buyback, and burn—all of which can be tracked in real time at fees.pump.fun. The remaining 50% of revenue will fund operational expenses and ecosystem development, including team expansion, strategic investments, and marketing initiatives. Pump.fun stated that this move aims to address community concerns regarding the token’s long-term value and the transparency of the buyback mechanism, with the overarching goal of continuously reducing the circulating supply.
According to official announcements, Pumpcade—a live-stream prediction market and meme coin issuance platform—has secured $5 million in seed funding. Investors include Jump Crypto and Foundation Capital. Pumpcade is a Solana-based platform for instant meme coin creation and trading, integrated into the Pump.fun chat system and enabling one-click prediction market creation during live streams. Earlier, on April 2, Pump.fun led a $1 million pre-seed round for Pumpcade.