After a rocky stretch and an airdrop delay that rattled its user base, meme coin launchpad Pump.fun appears to be quietly setting the stage for a strategic rebound.
Fresh on-chain findings suggest the Solana-based platform is preparing to roll out a 30-day rewards initiative, a move that’s already sparked renewed interest in its native PUMP token.
The catalyst? A deep-dive by crypto researcher Dumpster DAO, who uncovered backend changes in the Pump.fun SDK pointing to an upcoming incentive system. These updates include mechanisms for tracking user trading volume and distributing rewards—likely in PUMP—to active participants. Though still unofficial, the SDK’s structure indicates a flexible setup that could extend beyond the initial month.
Word of the potential program quickly shifted market sentiment. After tumbling more than 12% following news of the postponed airdrop, PUMP has now surged over 17%, trading around $0.00285. The token’s market cap sits just north of $1 billion, although it remains below its initial offering price.
The SDK reportedly includes placeholder parameters suggesting up to 1 billion PUMP tokens per day in rewards—but this figure is almost certainly for testing. Dumpster DAO cautioned that such a high daily allocation, amounting to roughly 3% of total supply in one month, is likely not final.
Once a dominant force in the Solana meme coin ecosystem, Pump.fun has recently seen its influence wane. Current data from Jupiter reveals the platform holds just 14.7% of the sector’s market share, with $55 million in 24-hour trading volume. In contrast, top competitor LetsbonkFun now commands more than 80% of the market and processed over $300 million in the same period.
Despite this slide, Pump.fun retains a loyal community—evidenced by the PUMP token’s lightning-fast ICO sellout. If the rumored incentive program proves effective, it could help the platform claw back lost ground and reassert itself in the highly competitive meme coin launchpad space.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pump-fun-delivers-good-news-for-investors/