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PUMP token drops 32% from recent high after token burn reduces supply by 192.3M

Protocol Fundamentals
16 Oct 2026
Tokenpost
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Bearish
PUMP token drops 32% from recent high after token burn reduces supply by 192.3M

The PUMP token from Pump.fun fell about 32% from its October 7 high, closing at $0.004534 on October 15. A token burn on October 13 removed 192.3 million PUMP tokens, a small fraction of the total supply, bringing cumulative burns to 171.96 billion tokens or 17.196% of the supply. Pump.fun directs half of its revenue to buy and burn tokens for one year starting April 28, 2026, but reduced the buyback allocation from 100% to 50% in April to fund other activities. PUMP holders do not receive platform revenue or distributions, and buyback programs may change or stop after April 2026.

The PUMP token from Pump.fun has seen cumulative burns of 171.96 billion tokens, representing 17.196% of its total supply. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 16, 2026 11:51 WIB: out of 50 major cryptocurrencies tradable on Pluang, 45 rose and 4 fell today. Notable movers include YFI (Yearn) at Rp41.181.495 with a 4.72% increase and 100% buy order activity, EGLD (MultiversX) at Rp66.724 also up 4.72% with 100% buy orders, and AAVE (Aave) at Rp2.847.760 rising 4.62% but with 69% sell order activity.

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