Standing reference. Checked against Pump.fun’s own dashboard and three independent trackers on 19 August 2026. The trackers disagree with each other on circulating supply, and one of them contradicts itself. Where they do, we say so rather than picking the tidiest number. Nothing here is investment advice, and PUMP carries no claim on Pump.fun’s revenue — the company says so itself.
The fixed facts
| Max supply | 1,000,000,000,000 PUMP. Fixed at genesis. There is no issuance mechanism, so supply can only go down. |
| Chain | Solana |
| Token generation event | 12 July 2025 |
| ICO price | 0.004 dollars, public and private tranches at the same price — an implied fully diluted valuation of 4 billion dollars |
| Raised | 600m dollars public (15%) and 720m dollars private (18%) |
| Value accrual | One mechanism only: fee-funded open-market buyback and burn. No staking. No published governance rights. No claim on revenue. |
Allocation
| Bucket | Share | Vesting |
|---|---|---|
| Initial coin offering | 33.0% | 100% at TGE. Public 15%, private 18%, both at 0.004 dollars. |
| Community & ecosystem | 24.0% | 50% at TGE, then 12-month linear. The airdrop portion has been flagged since July 2025 and has no published date or mechanics. |
| Team | 20.0% | 12-month cliff, 25% released at the cliff, remainder over 36 months. |
| Existing investors | 13.0% | Same terms as team. |
| Livestreaming | 3.0% | 100% at TGE |
| Liquidity & exchanges | 2.6% | 100% at TGE |
| Ecosystem fund | 2.4% | 100% at TGE |
| Foundation | 2.0% | 100% at TGE |
The unlock schedule, and the arithmetic that confirms it
Team and existing investors hold 33% of the cap between them — 330 billion PUMP. Those tokens sat behind a twelve-month cliff that expired on 12 July 2026, releasing 25% of each bucket: 50 billion from team, 32.5 billion from investors, 82.5 billion in total.
That leaves 247.5 billion, and the published terms say it releases over 36 months. Third-party trackers describe the remainder vaguely or, in one case, mark the token “fully unlocked” while their own research page says 247.5 billion is still locked. The arithmetic settles it without needing anyone’s summary:
| Remaining insider supply after the cliff | 247.5B PUMP |
| Divided by 36 months | 6.875B per month |
| Actually scheduled for 12 August 2026 | 6.875B — 4.167B team plus 2.708B existing investors |
| Implied final release | 12 July 2029 |
The August release matched the derived figure exactly, which is the strongest confirmation available that the schedule is a flat 36-month drip on the 12th of each month rather than anything more complicated. Anyone modelling this can put 6.875 billion PUMP a month in the sheet through July 2029 and expect to be right, subject to the company not changing terms.
Two things that schedule does not tell you. First, an unlock makes tokens eligible to move; it does not make them sold. On 15 August, Lookonchain reported 4.85 billion PUMP distributed to 124 wallets — about 70% of the scheduled amount — which is a distribution report, not exchange-flow evidence. Second, the 240 billion community bucket has no published date or mechanics at all. That is a larger overhang than the entire dated insider remainder, and it is undated.
The burn, and whether it keeps up
Until 29 April 2026, Pump.fun routed 100% of net protocol fees into open-market PUMP purchases. On that date it burned everything it had accumulated — roughly a third of the circulating supply in two Solana transactions — and cut the routing to 50% of net revenue, locked into a smart contract for one year, with the other half retained for product, hiring, marketing and acquisitions.
| Cumulative buybacks | 431.70m dollars |
| PUMP burned to date | 160.59B — 16.06% of max supply |
| Annualised revenue | 375.74m dollars, about 1.03m dollars a day on a 90-day average |
| Daily burn, 18 August | 295.0m PUMP for 849.7k dollars — 51.46% of that day’s revenue |
| 30 days to 17 August | 39.56m dollars revenue, 20.29m dollars of buybacks, 8.776B PUMP removed |
Set the two flows side by side and the whole question becomes arithmetic:
| Burned, most recent 30 days | 8.776B PUMP |
| Unlocked, monthly | 6.875B PUMP |
| Net change in available supply | about −1.9B PUMP a month |
Float is shrinking, but by about 22% more than the unlock rather than by a wide margin. Because the burn is a fixed share of revenue and the unlock is a fixed number of tokens, a revenue decline of roughly a fifth — or a materially higher PUMP price, which buys fewer tokens per dollar — flips the sign. That is the single number to watch on this token, and it is checkable daily on the project’s own dashboard.
Worth noting how much the buyback bid has already compressed. It peaked at about 55.3m dollars in September 2025, above that month’s measured revenue. By June 2026 it was around 9.2m dollars. Grouped by half, buyback spend fell roughly 67% from the second half of 2025 to the first half of 2026 while measured revenue fell about 18% — so the bid shrank considerably faster than the business did, and the routing decision explains more of it than the revenue does.
Revenue
| Month | Gross | Month | Gross |
|---|---|---|---|
| Aug 2025 | 39.2 | Feb 2026 | 92.9 |
| Sep 2025 | 126.6 | Mar 2026 | 84.6 |
| Oct 2025 | 88.0 | Apr 2026 | 69.2 |
| Nov 2025 | 80.7 | May 2026 | 78.6 |
| Dec 2025 | 85.1 | Jun 2026 | 66.3 |
| Jan 2026 | 124.0 | Jul 2026 | 86.7 |
| Aug 2026 (partial) | 56.1 |
Lifetime gross revenue from March 2024 to August 2026 is about 2.0 billion dollars, of which roughly 1.3 billion was retained as net revenue and about 331.6 million has accrued to token holders through buybacks. This is one of the few crypto protocols where the fee base plainly exceeds anything being emitted, because nothing is being emitted.
Where the trackers disagree
Circulating supply for PUMP is not a settled number, and the differences are large enough to matter to any valuation built on them.
| Source | Circulating supply | Implied |
|---|---|---|
| Pump.fun dashboard | 399.46B | FDV 3.05bn dollars |
| Tokenomist, 13 August | 392.55B | FDV 2.81bn dollars |
| Tokenomics.com | 392.79B | — |
| Tokenomist research, July | 405.7B | Notes 24.3B sitting in buyback treasury wallets — available, but not free float |
The treasury point in the last row is the likeliest source of the spread, and it is the kind of definitional choice that never appears next to the number it produces. A tracker that also reports the token as “fully unlocked” while its own research page documents 247.5 billion still locked is not being dishonest; it is running two datasets that disagree. Use the project’s own dashboard for burn and revenue, because those are its own settled on-chain records, and treat every circulating-supply figure as a definition rather than a measurement.
Questions we get asked
What is the total supply of PUMP?
One trillion tokens, fixed at genesis, with no issuance mechanism. About 160.59 billion — 16.06% — had been bought back and permanently burned as of 18 August 2026, so the effective cap falls over time.
How does PUMP tokenomics work?
Value reaches holders through one mechanism: 50% of net protocol revenue is programmatically committed to buying PUMP on the open market and burning it, locked in a smart contract for a year from 29 April 2026. There is no staking, no dividend and no revenue claim — Pump.fun states explicitly that the token does not represent a right to revenues or any other distribution.
When is the next PUMP unlock?
6.875 billion PUMP on the 12th of each month — 4.167 billion to team, 2.708 billion to existing investors — running through July 2029. The 240 billion community bucket is separate, undated, and larger than everything still locked on the insider schedule.
How much was the July 2026 unlock?
82.5 billion PUMP, the first insider cliff, on 12 July 2026: 50 billion team plus 32.5 billion existing investors, being 25% of each bucket. It was roughly a fifth of circulating supply at the time.
Are the burns bigger than the unlocks?
Currently yes, but not by much. The 30 days to 17 August removed 8.776 billion PUMP against a 6.875 billion monthly unlock, so net available supply fell by around 1.9 billion. Because the burn is a fixed percentage of revenue and the unlock is a fixed token count, a revenue fall of about a fifth would erase the gap.
Why did Pump.fun change from 100% buybacks to 50%?
The company said a review showed the 100% policy was not working in its favour, and that it needed the other half of revenue for product investment, hiring, marketing and possible acquisitions. It made the change on 29 April 2026 and simultaneously burned the entire nine-month accumulated buyback stack.
Does holding PUMP entitle me to a share of revenue?
No. Pump.fun’s own disclosure states the token does not represent a right to revenues or any other distribution, and that past purchases should not be relied on as an indication of future ones except where deterministically programmed. Buybacks reduce supply; they are not income.
What we have reported
- Pump.fun’s PUMP Token Faces Pressure Ahead of 6.875 Billion Token Unlock
- Pump.fun’s PUMP Token Rises as BOOST Buybacks Offset Vesting Unlocks
- Pump.fun’s 30-Day Revenue Overtakes Hyperliquid as $PUMP Token Gains 12%
- Fomo and Pump.fun Compete for Trader Attention in Solana’s Memecoin Sector
- Pump.fun Reportedly Offers $20K Signing Bonus, $30K Monthly to Poach Traders From FOMO
Continuing coverage sits in DeFi and Solana.
Sources
- Pump.fun PUMP token dashboard — cumulative buybacks, daily burns, revenue, the 50% commitment and the company’s own disclaimer. Primary for anything on-chain.
- Tokenomist — allocation table, vesting terms, the July 2026 cliff breakdown and the buyback-versus-revenue series.
- Tokenomics.com — monthly gross, net and protocol revenue.
- CoinDesk, 29 April 2026 — the policy change from 100% to 50% and the one-time burn.
- CoinEx Research, 18 August 2026 — the 30-day buyback and burn figures around the August unlock, and the Lookonchain distribution report.
How this page is maintained
The unlock arithmetic is fixed unless the company changes terms, so it needs checking rarely. The burn-versus-unlock balance is the live number and moves with revenue and price; we re-check it monthly, after each 12th-of-the-month release. The date at the top is the last time a person read this against the dashboard.