Memecoin launchpad Pump.enjoyable launched a brand new restriction on creator payment settings, limiting token deployers to a single post-launch change in how charges are distributed on the platform.
In a submit on X, Pump.enjoyable co-founder Alon Cohen stated the replace goals to scale back “griefing” — the place creators alter payment recipients after a token positive factors traction — and different types of manipulation tied to payment redirection, the place token creators can alter who receives charges after a coin positive factors traction.
Below the change, every token may have one alternative to redirect creator charges to a unique pockets, after which the configuration turns into completely locked.
Pump.enjoyable’s newest replace follows a broader overhaul introduced in January, when the platform acknowledged that its creator-fee mannequin had skewed incentives by disproportionately rewarding token deployers over merchants.
Pump.enjoyable’s broader makes an attempt to shift incentives to merchants
On Jan. 10, the platform launched modifications like multi-wallet distribution and post-launch controls, aiming to enhance transparency and higher align rewards with buying and selling exercise.
On Feb. 17, Pump.enjoyable launched “Cashback Cash,” requiring creators to decide on at launch whether or not charges go to themselves or are redirected to merchants, with that high-level mannequin locked in as soon as chosen.
The change aimed to rebalance the distribution of rewards between token deployers and merchants. Nevertheless, whereas the general payment mannequin was mounted at launch, creators or coin admins may nonetheless modify the particular wallets receiving these charges and the way they had been distributed after a token went dwell.
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This meant that even when the mannequin didn’t change, the underlying recipients may, creating potential belief points for merchants. The most recent replace narrows that flexibility by permitting solely a single post-launch change to payment recipients, after which the configuration is completely locked.
Early neighborhood reactions recommend the change might do little to deal with broader buying and selling dynamics on the platform. X consumer gake stated the change may not assist a lot, whereas one other consumer, tom, described it as a “drop within the bucket” that exhibits the staff is not less than acknowledging the difficulty.
Pump.enjoyable exercise drops as charges and quantity fall 12 months over 12 months
Pump.enjoyable’s shift in its incentive construction comes as its charges have declined from their peak. DefiLlama knowledge exhibits that in January 2026, the platform recorded $31.8 million in charges, down about 75% from $148 million in January 2025, its best-performing month up to now.
In February 2026, the platform recorded $25 million in income, down 66% from almost $75 million in February 2025.
The platform’s buying and selling quantity has adopted the same sample. In response to DefiLlama, Pump.enjoyable recorded month-to-month quantity of over $11.6 billion in January 2025, which fell to about $2.1 billion in January 2026, a decline of roughly 81%.
In February 2026, month-to-month quantity totaled about $1.91 billion, down 68% from $6.1 billion in February 2025.
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