Meme Coin Factory Pump.fun Announces Update to Pay Users Who Launch Successful Tokens on Its Platform

Tokens launched on the platform must reach a market cap of around $69,000 to complete their ‘bonding curve,’ at which point they become tradable on the decentralized exchange (DEX) Raydium.

Meme coin factory Pump.fun is now paying users who launch successful tokens on its platform.

According to a tweet by Pump.fun, the update, currently in beta, will also eliminate the fee previously required to launch a token.

Since its launch in January, Pump.fun has enabled anyone to create a token by filling out a form and paying 0.02 SOL (approximately $3).

Tokens launched on the platform must reach a market cap of around $69,000 to complete their ‘bonding curve,’ at which point they become tradable on the decentralized exchange (DEX) Raydium.

To date, the protocol has birthed up to 18,000 tokens daily, generating nearly $1 million in daily revenue, according to DeFiLlama.

New Incentives for Developers

With the new update, Pump.fun has removed the 0.02 SOL fee required to launch a token. Instead, the deployer of a token that completes its bonding curve will receive 0.5 SOL (approximately $79).

“This unlocks the use case of someone creating a coin without buying any of its supply,” the official Pump.fun announcement stated. “It is paid regardless of whether the coin dev has ever held the coin or is still holding the coin. The reward also gives an incentive for all devs to get their coin to 100%.”

Mixed Reactions from the Community

The changes have received a mixed response from the community. Some investors appreciate the new incentive, as it encourages developers to continue working on their meme coins.

This update comes amid a trend of developers dumping their tokens shortly after launching for quick profits, with community takeover (CTO) teams often stepping in to revive the projects—sometimes led by the developers themselves.

Financial Impact and Future Prospects

Despite the criticisms, Pump.fun’s approach has seen considerable success. According to data from Dune, the platform has facilitated the deployment of over 1.6 million meme coins since its inception in early 2024, generating more than $85 million in cumulative revenue.

Critics contend that removing the creation fee might result in a surge of meme coins, which could ultimately weaken the market. DeFi analyst KashKysh has forecasted a notable rise in the daily launches of new coins.

Pump.fun’s latest update aims to democratize access to crypto creation and incentivize developers, but its long-term impact on the meme coin market remains to be seen.

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