Pump.fun

Solana

Alon

when

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<p>Memecoins live at a strange pace. Everything goes very fast, then nothing. On Solana, Pump.fun has been one of the main accelerators of this dynamic. But when a platform grows, every setting becomes political. Even a simple fee.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Pump.fun adjusts its model for memecoins on Solana by revising creator fees</li>
   <li>The platform now allows revenue sharing to up to 10 wallets and adds control tools related to CTOs</li>
   <li>The objective is to limit abuses, clarify token management, and put incentives on the right side, the market side.</li>
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<h2 id="h-pump-fun-retouche-la-regle-du-jeu-dans-l-ecosysteme-crypto">Pump.fun tweaks the rules of the game in the crypto ecosystem</h2>
<p>After breaking records with <a href="https://www.cointribune.com/en/crypto-pump-fun-breaks-records-with-the-explosion-of-solana-memecoins/" rel="noopener noreferrer nofollow">the Solana memecoin explosion</a>, Pump.fun announced a revamp of its creator fee system, with a fee share and new controls for CTO teams and admins. The change allows revenue to be distributed to up to 10 wallets after launch. It also becomes possible to transfer coin ownership and revoke certain update authorities.</p>
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<p>Co-founder Alon Cohen makes a rare observation in crypto: the old mechanism may have “twisted” incentives. On X, <a href="https://x.com/a1lon9/status/2009677442064024063?s=20" rel="noopener noreferrer nofollow">he explains</a> that the Dynamic Fees V1 version did generate activity. But it did not produce sustainable market behavior.</p>
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<p>Behind the words, there is a simple idea. If the reward mainly comes when you create, you end up creating for the sake of creating. However, a memecoin without traders quickly looks like an empty showcase. It’s pretty for two minutes. Then the liquidity evaporates.</p>
<p>According to Cohen, the model encouraged “low-risk” creation at the expense of “high-risk” trading. And he considers that dangerous. The reason is that crypto traders remain the source of liquidity and volume. Without them, even the best slogans don’t pay the spread.</p>
<p>The platform says it did see a true peak at the beginning. In a few weeks, new creators launched tokens and even livestreamed. Pump.fun claims volumes on its bonding curve more than doubled over the period, before momentum dropped.</p>
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<h2 id="h-le-nouveau-partage-de-fees-plus-de-transparence-moins-de-theatre">The new fee sharing: more transparency, less drama</h2>
<p>The most concrete novelty is this fee sharing. A creator, or a CTO (Community Takeover) admin, can now set a percentage and send it to several addresses. In practice, this opens the door to clearer distributions: team, treasury, moderation, contributors.</p>
<p>Another important detail is that this crypto platform insists the Pump.fun team will not receive these fees. Cohen presents the mechanism as a tool “for the trenchers,” meaning for actors on the ground, not the parent company. Fees remain claimable at any time.</p>
<p>Finally, control options matter as much as money. Being able to transfer coin ownership, or revoke an update authority, builds trust. Too many projects end in “CTO” because governance remained shaky. Here, Pump.fun attempts to make this transition less opaque.</p>
<p>This revamp arrives in a less euphoric context than in 2024. Pump.fun remains a dominant launchpad on Solana, thanks to almost frictionless token creation and a standardized path to liquidity.</p>
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<p>But dominance is not a permanent state. Indeed, in July, a rival named LetsBonk briefly surpassed Pump.fun in volume and revenue, before the momentum shifted back. Pump.fun also strengthened its position through buybacks of its PUMP token and a payout program under “Project Ascend.” It thus realized <a href="https://www.cointribune.com/en/pump-fun-makes-a-record-withdrawal-of-436m-as-the-memecoin-era-comes-to-an-end/" rel="noopener noreferrer nofollow">a record withdrawal of $436M</a> as the crypto memecoin era comes to an end</p>

Crypto : Pump.fun puts order back into the memecoin ecosystem

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