Pump.fun tightens creator payment controls in new update
Memecoin launchpad Pump.fun has introduced new restrictions on creator payment settings, limiting token developers to one post-launch change in how payments are distributed on the platform.
In a post on X, Pamp.fun co-founder Alon Cohen said the update aims to reduce “sadness” — where creators change payees after acquiring a token — and other tokenization methods tied to payment routing, where token creators change who receives payments after a coin is raised.
Under the change, each token will have one chance to transfer creator payments to a separate wallet, after which the structure will be permanently locked.
Pamp.fun's latest update follows sweeping changes announced in January, with the platform admitting that its creator-fee model has disproportionately rewarded merchants and undermined incentives.
Pump.fun extensive experiments to convert incentives to traders
On January 10, the platform introduced changes such as multi-wallet distribution and post-launch, aiming to improve transparency and better align rewards with trading activity.
In the year On Feb. 17, Pump.fun introduced “Cashback Coins,” requiring creators to choose at launch whether payments go to themselves or to merchants, a top-tier model that's locked in once selected.
The change aims to equalize the distribution of rewards between token deployers and traders. However, while the overall payment model is fixed at launch, creators or coin administrators can still adjust the wallets that receive those payments and how they are distributed after the token is released.
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This means that even if the model doesn't change, the main receivers can create trust issues for traders. A recent update narrows that flexibility by allowing only one post-launch change on payees, after which the configuration is permanently locked.
Early community feedback suggests that the change may do little to address the widespread commercial activity on the platform. X user Gak said the change might not help much, while another user Tom described it as a “drop in the bucket” that shows the team has at least accepted the issue.
Pump.fun activity decreases from year to year according to fees and amount
The change in Pamp.fun's incentive structure comes from the fact that the payouts have been reduced from the top tier. According to Defilama data, the platform recorded $31.8 million in payouts in January 2026, down 75 percent from $148 million in January 2025, its best-performing month to date.
In the year
The transaction volume of the platform also followed the same pattern. According to Defillama, Pump.fun recorded a monthly volume of more than $11.6 billion in January 2025, which will drop to $2.1 billion in January 2026, representing an approximately 81 percent decline.
In the year Monthly volume in February 2026 was about $1.91 billion, down 68 percent from $6.1 billion in February 2025.
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