Alon Cohen is the co-founder at Pump.fun, a Solana based platform for memecoins. He said that after concluding the previous model was a distorted incentive system, the launchpad will be overhauling the creator fee structure.
“Creator fees need change,” Cohen wrote In a post published on Friday, X acknowledged that while the Dynamic Fees V1 System, which was introduced several months earlier, had been successful in generating activity, it failed to create a sustainable market behaviour.
Cohen said that the system encouraged tokens to be created at low risk, and not high risk, which is what he called “risky”. “dangerous” The traders themselves are the primary source of volume and liquidity for the platform.
Cohen stated that the first rollout had shown early promise. New creators launched tokens within weeks and began livestreaming. He described this as one of the most favorable onchain conditions in 2025. According to the charts that accompanied his blog post, Pump.fun’s bonding curvature volumes have more than doubled in this time period. The boom was brief and exposed the structural weakness.
Related: Pump.fun private sale investors send over $160M to exchanges
Token minting is encouraged by creator fees over liquid currency
Cohen stated that while creator fees were helpful for serious projects with active teams and tokens, they had little impact on the behaviour of memecoin users. The fees were used to create tokens, rather than creating liquid markets.
“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,” He has written.
A series of posts Pump.fun outlined a new first-phase of updates on X. Platform introduces creator fee-sharing, where creators can allocate percentages of their fees up to 10 wallets. Also, teams will be able transfer coin ownership as well as revoke the update authority.
Cohen stated that the Pump.fun staff will not accept any fees in any circumstance. He described the feature as “for trenchers.” The fees are still available to claim at any point by the recipients. They will not be forfeited even if they go unclaimed.
Related: Pump.fun Revenue Hits 2025 Low as Memecoin Hype Fades
Pump.fun becomes dominant Solana memecoin launchpad
Pump.fun is a fun way to pump. emerged as the leading launchpad Solana Memecoins can be created with near frictionless tokens and a standard route to liquidity.
In July, the platform lost some ground to its rival LetsBonk overtook it On volume and revenues, but the momentum quickly changed back. Pump.fun strengthened its position with aggressive PUMP token purchases and a revamped Creator Payout Program under Project Ascend. By late summer, trackers again showed Pump.fun controlling around 75%–80% of Solana’s memecoin launches.
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Source: cointelegraph.com
