Pump.fun: Holder Rewards launch replaces Cashback mode - 12 Sep 2026

Pump.fun has launched Holder Rewards tokens that distribute platform trading fees pro-rata to eligible holders several times per hour. Alongside the release, Cashback mode is removed as a launch option. Existing Cashback and Creator Fee tokens can apply to switch to the new mechanism, and the change is irreversible once made.The fee redistribution creates a recurring holding incentive, since eligible holders receive a pro-rata share of trading fees paid out several times per hour. For $PUMP-quoted pairs, rewards are distributed in $PUMP itself, adding a direct demand channel tied to platform activity. Investors may reposition toward PUMP as a quote asset and toward reward-eligible tokens as adoption develops. The irreversible nature of the switch means token creators who migrate cannot return to the prior fee models.We just made two HUGE changes to PumpfunWe’re INTRODUCING Holder Rewards and REMOVING Cashback modeNow, Holder Reward tokens pay out rewards just by holding: for longer hold times, higher ceilings & communities that thrive