Memecoin launchpad Pump.fun has restricted how token creators can change fee recipients, allowing only a single post‑launch redirection before the configuration becomes permanently locked. Co‑founder Alon Cohen said the update, announced on X, is meant to reduce “griefing” and other manipulations where creators alter fee recipients after a token gains traction.
The change builds on a broader overhaul the platform began in January that introduced multi‑wallet distributions and other post‑launch controls to better align incentives with trading activity. In February, Pump.fun launched “Cashback Coins,” requiring creators at launch to choose whether fees go to themselves or are redirected to traders; that high‑level choice was locked at launch, but creators could still change the specific recipient wallets afterward. Under the new rule, creators will have one opportunity after launch to redirect creator fees; after that single change the recipient setup is fixed.
Community reaction has been mixed. Some users called the update a modest step that doesn’t fully address trading dynamics, while others saw it as at least an acknowledgment of the problem.
The move comes as Pump.fun’s fees and trading volume have fallen sharply year‑over‑year. DefiLlama data show January 2026 fees of $31.8 million, down about 75% from $148 million in January 2025, and February 2026 revenue of $25 million, down roughly 66% from nearly $75 million in February 2025. Monthly trading volume similarly declined, from about $11.6 billion in January 2025 to roughly $2.1 billion in January 2026 (an ~81% drop), and from $6.1 billion in February 2025 to about $1.91 billion in February 2026.
Cointelegraph reported the update and notes it follows the platform’s ongoing attempts to rebalance rewards between token deployers and traders.