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PUMP burns $370M tokens, cutting supply by 36% with auto buyback, hitting $1.28B daily volume on Solana exchange

Protocol Fundamentals
10 May 2026
Blockonomi
View Source
Bullish
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PUMP has permanently burned $370 million worth of tokens, removing 36% of its circulating supply through an irreversible smart contract mechanism that automatically uses 50% of platform revenue for buybacks and burns. This deflationary structure, combined with zero inflation and a fixed supply, creates ongoing downward pressure on token availability. PumpSwap, PUMP's decentralized exchange on Solana, hit a record $1.28 billion single-day trading volume in January 2026, reflecting strong organic demand. Holding about 70% of Solana's token launch market, PUMP is expanding to Ethereum and Monad blockchains, signaling operational maturity and long-term growth focus despite the token trading well below its all-time high.

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