Pump.fun introduces holder rewards and removes cashback model

Solana meme coin launchpad Pump.fun has updated its platform by introducing holder rewards and removing its cashback model. Holders can now earn rewards based on the duration of their holdings, with a minimum threshold of $20 in value. Creators can choose between creator fees or holder rewards, and existing tokens can be switched to the new model. Fixed fees for custom trading pairs range from 0.01% to 3%, while SOL/USDC pairs maintain market-cap-based tiered fees. Rewards are distributed automatically on an hourly basis.