[Pump.fun Burns Approximately $370 Million Worth of PUMP Tokens and Launches Programmatic Buyback and Burn Mechanism] According to Deep Tide TechFlow, on April 29, Pump.fun officially disclosed that it has completed the burn of all previously repurchased PUMP tokens, involving an amount of approximately $370 million, accounting for about 36% of the circulating supply. The burn was completed at 20:52 UTC through two on-chain transactions. At the same time, Pump.fun announced the launch of a programmatic buyback and burn mechanism, committing 50% of net income over the next year to repurchasing PUMP on the open market and immediately burning 100% of it. This mechanism is executed through an irreversible smart contract, covering revenue sources from Pump.fun's three main product lines: the Unified Curve, PumpSwap, and Terminal. The execution process includes fee aggregation, intermediate wallet integration, and buyback and burn steps, which can be tracked in real-time via fees.pump.fun. The remaining 50% of income will be used to support business operations and ecosystem development, including team expansion, strategic investments, and marketing efforts. Pump.fun stated that this initiative aims to address community concerns regarding the long-term value of the token and the transparency of the buyback mechanism, with the goal of continuously reducing the circulating supply.