Pump.fun has removed Cashback Mode for new token launches and replaced it with a Holder Rewards system. Under this new mechanism, fees assigned to a Holder Rewards token are distributed automatically several times per hour on a pro rata basis to wallets holding more than $20 worth of the token. Payments are made automatically in the token’s quote asset, SOL for SOL pairs and PUMP for PUMP pairs. Holder Rewards fees on SOL and USDC pairs follow Pump.fun’s existing tiered fee structure, which decreases as the token’s market capitalization rises. For Custom Pairs, creators select flat fees between 0.01% and 3%, which cannot be changed once selected. Existing Cashback tokens can apply to migrate via a form, but conversion to Holder Rewards is irreversible.
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