TL;DR
- Pump.fun now allows only one post-launch creator-fee redirect before wallet settings become permanently locked after that single change for every token.
- The restriction follows January and February incentive revisions designed to improve transparency and shift rewards closer toward traders rather than token deployers across the launchpad.
- The update arrives as platform activity softens sharply, with January 2026 fees at $31.8 million and February volume near $1.91 billion year over year.
Pump.fun is trying to tighten control over one of the memecoin market’s more corrosive habits. The platform is narrowing fee changes after launch, signaling that flexibility has started to look too much like manipulation. Under the new rule, token deployers will be allowed only one post-launch redirect of creator fees to a different wallet, after which the setting becomes permanently locked. The move is aimed at curbing “griefing” and other abuses tied to fee redirection, where creators alter who receives rewards after a coin gains traction among traders on the platform for everyone involved now.
This means that there’s a lower chance of griefing & easier for existing/OG tokens to protect themselves from vamps
All existing coins with fee distributions now have their fees locked
All existing coins with regular creator fees have one chance to change their distribution
— alon (@a1lon9) March 24, 2026
The update matters because it targets trust at the moment when trust usually begins to erode. Pump.fun has already been reworking its creator-fee system this year after acknowledging in January that the model rewarded token deployers too heavily relative to traders. On Jan. 10, the platform introduced multi-wallet distribution and post-launch controls to improve transparency and better align rewards with actual trading activity. Then, on Feb. 17, it launched “Cashback Coins,” requiring creators to choose at launch whether fees go to themselves or are redirected to traders, with that broad model locked in immediately afterward.
Why Pump.fun is tightening controls now
What remained open, however, was enough to keep suspicion alive. Even after the high-level fee model was fixed, creators or coin admins could still change the specific wallets receiving those fees and alter how rewards were split after a token went live. That left traders facing a setup where the structure appeared stable, but the beneficiaries underneath it could still move. The latest change is designed to close much of that gap by permitting just one redirect before the configuration becomes final, reducing the room for repeated adjustments that could unsettle confidence after launch significantly.
The timing also reflects a platform no longer operating from peak strength. Pump.fun’s fees and trading volumes have fallen sharply from their highs, making incentive design harder to ignore. In January 2026, the platform recorded $31.8 million in fees, down about 75% from $148 million in January 2025. February revenue reached $25 million, down 66% from nearly $75 million a year earlier. Trading volume followed a similar slide, dropping from more than $11.6 billion in January 2025 to about $2.1 billion in January 2026, then to roughly $1.91 billion in February overall for the business.
