- Pump.fun will change its creator fee system after finding the prior model distorted incentives.
- Alon Cohen said the Dynamic Fees V1 drove activity but encouraged low-effort token minting over market liquidity, harming traders.
- The platform will add creator fee sharing, allowing teams to split fees to up to 10 wallets and to transfer or revoke coin controls.
- Pump.fun says its team will not accept creator fees and that allotted fees remain claimable at any time.
- Pump.fun remains the leading Solana memecoin launchpad, briefly ceded ground to LetsBonk in July, then regained about 75%–80% market share via buybacks and payout programs.
Alon Cohen said on X that creator fees need change after weeks of activity exposed flaws in the fee model. The Solana-based launchpad Pump.fun found Dynamic Fees V1 increased token creation but reduced high-risk trading, which Cohen called “dangerous” because traders supply the platform’s liquidity and volume. The initial rollout doubled bonding curve volumes and produced “some of the strongest onchain conditions of 2025,” but the surge proved short-lived.
Cohen and the team said the fee structure often encouraged memecoin deployers to mint tokens rather than build liquid markets. As Cohen explained in posts, “the platform so far fails at providing a good user experience here, oftentimes requiring users to CTO [Community Takeover] coins, trust other people to fulfill their promises, etc.”
To address that, Pump.fun will introduce creator fee sharing and related controls. The first-phase changes, as the project outlined, let creators and CTO administrators allocate specific percentages of fees to up to 10 wallets after launch. Teams can also transfer coin ownership and revoke update authority.
The platform said no Pump.fun staff will accept creator fees, calling the feature “for trenchers.” Recipients can claim fees at any time and unclaimed fees will not be forfeited.
Despite the design issues, Pump.fun has emerged as the dominant Solana memecoin launchpad. It briefly lost volume and revenue leadership to LetsBonk in July, then regained position through aggressive PUMP token buybacks and a revised creator payout program under Project Ascend, returning to about 75%–80% of memecoin launches by late summer.
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