Pump.fun’s Cashback Coins: Socialism for Traders, Capitalism for Creators?

by

In the dimly lit underworld of Solana’s token launch platform, Pump.fun, a revolution brews-one that smells faintly of both greed and altruism. The platform, a veritable carnival of speculation, has decided to rewrite the rules of the game, allowing users to choose whether token deployers or traders shall reap the spoils of their collective frenzy. A choice, they say, as permanent as a tattoo on a sailor’s forearm.

  • Behold, the “Cashback Coins”-a scheme so cunning it could only be dreamed up in the fevered minds of crypto architects. Token creators, in a fit of generosity (or perhaps desperation), may now redirect 100% of creator fees to traders, effectively turning their own pockets inside out.
  • The choice, my dear comrades, is stark: Creator Fees or Trader Cashback. And once the token is unleashed upon the world, this decision is as unchangeable as a Bolshevik decree.
  • The platform, in its infinite wisdom, claims this move is to combat the scourge of deployers who collect fees like a tsar hoarding gold, all while contributing as much value as a broken samovar.

In a missive posted on the digital bulletin board of X, Pump.fun declared with the gravitas of a revolutionary manifesto, “Not every token deserves Creator Fees.” Ah, the irony! For in this world of memecoins and moonshots, who among us truly deserves anything?

How it works

Coin creators, in a moment of existential crisis, must choose between Trader Cashback or Creator Fees before launch. Cashback coins, like a Robin Hood of the blockchain, direct ALL Creator Fees towards traders. And once the die is cast, this decision is locked forever, as immutable as the Siberian winter.

Unlike Creator Fee coins, CTOs-those fanciful community takeovers-cannot be performed on Cashback Coins. A cruel twist, no?

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

In a follow-up, the CEO of Pump.fun, no doubt sipping tea in his ivory tower, proclaimed this update was to “reward traders and REAL projects.” Ah, yes, “REAL projects”-a phrase as elusive as a honest politician.

Traditionally, creator fees have been the lifeblood of founders, teams, and project leads, a means to fund their grand visions and grow their communities. Yet, Pump.fun admits with a wink and a nod that many tokens thrive without an active team or a roadmap more solid than a snowman in July.

In such cases, the platform laments, creator fees become a golden parachute for deployers who contribute as much ongoing value as a broken clock does time.

Under this new regime, coin creators must choose their path at launch: Creator Fees or Trader Cashback. If Cashback is selected, 100% of the creator fees are redirected to traders, leaving the deployer with nothing but the bitter taste of altruism. And once the token is launched, this choice is as final as a death sentence.

Pump.fun, ever the clarifier, notes that “CTOs,” those fanciful community takeovers, are verboten for Cashback Coins. Tokens launched under this model will forever reward traders and holders, leaving the original deployer to ponder what might have been. Creator Fee coins, too, are locked into their chosen structure, a digital straitjacket.

This feature, a beacon of innovation (or madness), is now available within the Pump.fun mobile app and website during the token creation process. Users who partake in Cashback Coins may claim their rewards directly through the app, a mere click away from their profile’s rewards section.

The move, one cannot help but observe, reflects the growing cacophony within the memecoin ecosystem over incentive alignment and fairness. By shifting fee distribution decisions to token creators, and ultimately letting traders choose which model to support, Pump.fun has effectively turned the market into a judge, jury, and executioner. May the odds be ever in your favor.

Read More

2026-02-18 16:07