Pump.fun Co-Founder: $5.9M in PUMP Tokens Have Been Removed from Circulation Since the Launch of Custom Pairs

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Pump.fun co-founder Alon revealed that $5.9 million in PUMP tokens have been removed from circulation since last month’s Custom Pairs protocol update. This accounts for 0.33% of the current supply, with tokens locked, burned, or held in fee wallets. He estimated that, at current trading levels, the annualized burn rate would reach 3.35%. The feature is expected to increase trading volume for small-cap meme coins and other tokens. This token launch news underscores ongoing efforts to reduce supply and stimulate demand.

Odaily Planet Daily reports: Alon, co-founder of Pump.fun, posted on X that since the launch of Pump's Custom Pairs feature last month, approximately $5.9 million in PUMP has been removed from circulation, accounting for 0.33% of the current circulating supply, primarily consisting of tokens locked in liquidity pools, burned tokens, and tokens held in the protocol fee wallet.

It notes that if PUMP-related trading pair activity remains at current levels, the annualized amount of PUMP exiting circulation would be approximately 3.35% of the current circulating supply. Additionally, he believes that as on-chain trading activity grows, Custom Pairs could generate increased trading volume and buying demand for smaller-market-cap meme coins and other on-chain tokens.


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