<h2 id="pump-dot-fun-news">Pump(dot)fun News</h2>Solana-based meme coin launchpad Pump(dot)fun has restructured its rewards system, giving token creators the option to redirect fees toward traders rather than retaining them as creator income. The change, <a href="https://x.com/Pumpfun/status/2023781347831971916" rel="noopener noreferrer nofollow">announced </a>Tuesday on X, addresses months of criticism that the platform's original fee model disproportionately rewarded deployers regardless of whether they contributed meaningfully to a token's success.Under the original structure, token creators received 0.3% of all fees generated by tokens they launched, a model that produced over $15 million in a single day at the platform's peak. Pump(dot)fun now requires creators to choose between Creator Fees and Trader Cashback before launching a token, and the selection is irreversible once made. The platform stated that many tokens achieve success without an active team or project lead, making automatic creator payouts difficult to justify in those cases."Now, traders can choose to engage with tokens they feel the most aligned with, ultimately letting the market decide who gets rewarded and where the bar is set," Pump(dot)fun <a href="https://x.com/Pumpfun/status/2023781351057404286" rel="noopener noreferrer nofollow">said</a>. The Cashback Coins generated under the new model are distributed on every trade and are accessible exclusively through Terminal, a trading interface built into the Pump(dot)fun platform.The timing of the change coincides with a notable decline in platform revenue. Pump(dot)fun <a href="https://defillama.com/protocol/pump.fun?events=false&amp;groupBy=monthly" rel="noopener noreferrer nofollow">recorded </a>$31.8 million in fees during January, a 75.6% drop from the $148.1 million posted in January 2025, which remains the platform's highest monthly total. February revenue stands at $15.6 million so far, putting the platform on pace to fall below January's already reduced figure.Data from Dune Analytics provides context on the trader profitability problem that the new model aims to address. Of 58.7 million wallets that have <a href="https://dune.com/adam_tehc/pump-fun-alpha-wallets" rel="noopener noreferrer nofollow">interacted </a>with Pump(dot)fun, only 4.76 million have profited between $1,000 and $10,000, and 969,780 wallets have recorded winnings between $10,000 and $100,000. Fewer than 13,700 wallets have reached $1 million in gains on the platform.Analysts at on-chain analytics firm Santiment said on Friday that meme coins are showing signs of a potential bottom. The firm described widespread rejection of the meme coin sector as a "classic capitulation signal," noting that complete market write-offs have historically coincided with contrarian entry points rather than confirmed endings.Some community members raised concerns that the cashback model could reduce developer incentives to sustain coins past their initial launch phase, since the most active trading volume tends to occur while a token is still on the platform before graduating. Separately, Coinbase's Base App shut down its Creator Rewards program on Feb. 10 as part of a strategic shift toward tradable assets, having paid approximately $450,000 to 17,000 creators over seven months. PumpFun MemeCoins Solana DeFi

Pump(dot)fun Redirects Fees to Traders With New Cashback Model

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