Pump.fun Ditches Cashback for Fairer Holder Rewards

Pump.fun, a Solana-based memecoin launchpad, has made significant changes to its rewards system. The platform is replacing its Cashback mode with Holder Rewards, which aims to distribute fees more fairly among token holders.

Under the new system, trading fees will accumulate in a distribution wallet and be paid out multiple times per hour to token holders based on their holding period and amount. This change addresses community concerns that the previous Cashback system disproportionately benefited creators, especially for tokens without active development teams.

Existing tokens can convert to Holder Rewards if they meet certain criteria, but this change is permanent. Old Cashback tokens will remain tradeable under original rules.