Pump.fun launches Cashback Coins Rewards Feature

Solana-based memecoin launchpad Pump.fun has rolled out a new feature that shifts rewards toward memecoin traders rather than its deployers — a tweak to its fee model that once generated over $15 million in a single day at its peak.

In a Tuesday post, Pump.fun said Now, the creators of platform memecoins will be able to determine whether they want a token. “truly deserves” The best way to distribute rewards is to either redirect them to the traders who are trading with tokens through “Cashback Coins.” 

The original Pump.fun model includes Creator Fees that give token creators 0.3% The tokens that they issue generate all the fees.

Pump.fun has stated that not all tokens are eligible for Creator fees. many tokens achieve success Without a project or team leader, tokens are distributed by those who have no leadership.

The Creator fees need to change. Not every token deserves Creator Fees.

The users can decide if they think a certain token is worth the Creator Fees. Or, if the best way to reward token traders would be to give them a higher fee.

Now you can get Cashback Coins. Cashback Coins are now live.👇 pic.twitter.com/UbYoAbQ1Ya

— Pump.fun (@Pumpfun) February 17, 2026

“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.fun stated that coin creators have to choose either the Trader Cashback or Creator Fees model prior to launching. The decision cannot be reversed once made.

Terminal, a crypto trading platform built into Pump.fun, said Each trade generates Cashback Coins that can only be accessed through Terminal.

Analysts from the onchain analytics company Santiment stated on Friday that memcoins were showing signs of a potential bottom.

“This collective acceptance of the ‘end of the meme era’ is a classic capitulation signal,” Santiment explained that it’s often when an entire sector is written off on the market, the people who are left behind. “contrarian time” Start paying attention.

Fees for Pump.fun have dropped over the last 12 months

The new reward feature of Pump.fun is now available. recorded The fees for January totaled $31.8 million, a record high. 75.6% fall from the $148.1 million posted in January 2025 — the platform’s best-performing month to date.

Pump.fun is on course to reach its goal of $15.6 million in revenue by the end of February. to fall short Its January total.

Changes to the rewards system are also a response to months of criticism about the fact that a very small percentage of Pump.fun traders made profits, while 99% of all retail traders lost money. 

Data Dune Analytics reports that only 4,76 million of the 58,7 million wallets which have interacted and used Pump.fun have made between $1,000 and $10,000. 969,780 have won between $10,000 and $100,000.

Fewer than 13700 Pump.fun Wallets have achieved millionaire status.

Some members of the Pump.fun user community, like Coos (X), were very positive about this feature. pondered The reward system could potentially reduce the incentive for developers to create new coins.

“So devs have less reasons to push coins longer, as the most lucrative time is when coins are still on pf, and have just graduated where there is the most volume.”

Coinbase Base has shut down the Creator Rewards program

While Pump.fun changed its reward model, other rewards programs have been completely discontinued.