PUMP · the insiders got paid first, the burn gets the rest of the year.
PUMP is the token of Pump.fun, the Solana launchpad. It has a hard cap of 1 trillion and no way to make more — the mint key is gone. About 389.5B trade freely today; the rest is still held back.
Sell pressure. The first insider year ended and 65.1B PUMP left the launch vault for team and early-investor wallets — one big release, not a drip.
Buy pressure. Half of every dollar the platform earns buys PUMP and destroys it — 25.5B burned in the same 90 days, under a contract that runs to Apr 2027.
Net. About +10.17% to market over 90 days — heading up. The one-off cliff is now behind it, and the next three months point the other way.
- Monthly insider tranche6.875B PUMPSep 12 2026 · team and early investors; smaller than the burn running against it
- Monthly insider tranche6.875B PUMPOct 12 2026 · same fixed size every month to Jun 2029
- Monthly insider tranche6.875B PUMPNov 12 2026 · last tranche inside the forward window
- Undelivered backlog held by the two paying agents~7.1B PUMPSep 2026 · already unlocked, not yet delivered — watch whether it drains or grows
PUMP cannot be created. The token's mint authority was given up, so there is no key anywhere that can issue another unit — the 1 trillion minted at launch is the ceiling forever, and the number in existence has only ever gone down.
The first insider year ended and the vault paid out: 62.2B PUMP left the launch vault on Jun 25 2026 and 10B more on Aug 10 2026, reaching team and early-investor wallets through two paying agents from Jul 14 2026 onward. The published calendar said 89.4B for this window; the chain shows 65.1B actually made it out, which is the number that counts.
No public evidence of release in window — monitored. Three overhangs are tracked on-chain, all of them real accounts read directly this week: the launch vault still holding 303.3B PUMP with no published calendar for most of it, and 7.1B of already-released tokens still sitting undelivered in the two paying agents — 4.1B in one and 3.1B in the other. That backlog was zero when the window opened and is growing.
Pump.fun is a running business. There is no estate, no trustee and no court-ordered distribution of PUMP to track.
Half of what Pump.fun earns buys PUMP on the open market and destroys it, under a contract locked since Apr 28 2026 and running to about Apr 2027. That removed 25.5B PUMP over the window, about 0.28B a day. The destination is checked, not taken on trust: the tokens are burned, and the count in existence has fallen to 837.7B from the 1 trillion minted at launch.
There is no second, separate burn. Fees are what pay for the buyback above, and burning is where those bought tokens go — counting it twice would double the same coins.
No dated purchase of PUMP by the company on the open market outside the buyback contract. The corporate treasury is held in dollars and SOL, not in its own token.
The protocol offers no staking and no lock. Third-party products that pay a yield on PUMP hand back a freely tradable receipt, which is not a lock — the coins never leave the market.
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