Pump.fun Overhauls Platform to Boost Meme Coins
Solana-based launchpad Pump.fun has rolled out several platform updates to change its tokenomics. The platform will now use a portion of protocol fees to buy back tokens, aiming to create upward price pressure. Additionally, the company's CEO is testing a new "callouts" feature to highlight promising low-cap tokens, while also overhauling its creator fee structure to curb manipulative launches.
- The "callouts" feature allows users to alert their followers to a specific coin via push notifications once every six hours, with a global leaderboard tracking the most active callers. Founder Alon Cohen announced he would personally test the feature by promoting a token with a $14,000 market capitalization. - The creator fee overhaul was a response to the "Dynamic Fees V1" system, which, according to co-founder Alon Cohen, dangerously skewed incentives toward low-risk coin creation instead of the high-risk trading that forms the platform's "lifeblood". The new "Creator Fee Sharing" allows teams to distribute fees to as many as 10 wallets. - The buyback program is funded by a 1% swap fee charged on all token trades on the platform. This mechanism, along with other creator programs, helped Pump.fun reclaim a 90% market share in the Solana launchpad sector after previously dropping to as low as 5%. - Launched in January 2024, Pump.fun allows users to create a token on the Solana blockchain for less than $2. A token "graduates" to a decentralized exchange like Raydium once it reaches a market capitalization of $90,000. - The platform's native token, PUMP, has a total supply of 1 trillion. The tokenomics allocate 33% to an ICO, 24% to community and ecosystem initiatives, and 20% to the team. - In July 2025, Pump.fun's Initial Coin Offering (ICO) for its PUMP token raised $600 million in just 12 minutes. - The platform has seen intense competition, at one point losing significant market share to rival launchpad LetsBonk, which captured over 80% of the market before collapsing. The shift back to Pump.fun was partly attributed to the top 10 meme coin deployers, many of them bots, returning to the platform.
