Memecoin launchpad Pump.fun has introduced a new rule restricting how token creators can manage fee distributions after launch. The platform now allows only a single post-launch change to creator fee recipients, after which the settings are permanently locked.
According to co-founder Alon Cohen, the update is designed to reduce “griefing” and prevent manipulation. Previously, some token creators would change fee recipient wallets after a token gained popularity, raising concerns about trust and fairness among traders.
With the new system, creators still have flexibility—but only once. After redirecting fees to a different wallet, the configuration becomes immutable, ensuring greater transparency for investors and participants.
Pump.fun’s Broader Push to Improve Trader Incentives
This change is part of a wider effort by Pump.fun to rebalance incentives between token creators and traders. Earlier updates introduced features like multi-wallet fee distribution and clearer post-launch controls to improve transparency.
In February, the platform also rolled out “Cashback Coins,” requiring creators to decide at launch whether fees would go to themselves or be shared with traders. While that high-level decision was already locked, creators could still modify the specific wallets receiving those fees—something that led to ongoing trust concerns.
By limiting fee redirection to a single change, Pump.fun is tightening control over these mechanics. However, early community reactions suggest the update may only have a minor impact on broader trading behavior, with some users calling it a small step rather than a complete solution.
The update comes at a time when Pump.fun is seeing a noticeable decline in activity. Platform fees dropped significantly from $148 million in January 2025 to $31.8 million in January 2026. Similarly, monthly revenue and trading volume have fallen sharply year-over-year, reflecting cooling interest and changing market dynamics in the memecoin space.
