Pump.fun Burns $475.93M in PUMP Buybacks, 17% of Total Supply
- —170.11B PUMP burned, equal to 17.011% of the 1 trillion total supply
- —On October 5, Pump.fun spent $1.30M, or 50.56% of that day's revenue
- —Annualized protocol revenue is $558.46M, averaging about $1.53M per day
- —PUMP market cap is $2.48B, with a fully diluted valuation of $6.20B
Why it matters: Burns cut supply but grant holders no cash flow or revenue claim, so the impact hinges on demand holding up after the one-year lock expires in April 2027.
Source: NullTX