Pump.fun Holders Receive Over $4 Million in Rewards Over Two Days

Pump.fun's tokens subject to holder rewards have generated over $4 million (approximately 5.4 billion KRW) in rewards for holders over the past two days, according to a post on X by Pump.fun on May 15. The platform did not disclose the specific reward amounts per token or per holder. Holder rewards distribute a portion of trading fees to token holders, allowing users to earn rewards simply by holding tokens without making additional trades. Longer holding periods increase the maximum reward threshold. New token issuers can choose between standard creator fee models and holder reward systems, while existing cashback and creator fee tokens may apply for conversion to holder rewards—but cannot revert after switching. Pump.fun has removed cashback mode as an option for new token launches. Existing cashback tokens' transactions and previously accrued rewards will vary based on individual token settings.