Pump.fun May Introduce Trading Volume Rewards to Compete with LetsBONK’s Growing Market Share
Main Idea
Pump.fun is testing a trading volume-based rewards system distributing up to 1 billion PUMP tokens daily to compete with LetsBONK, which currently leads Solana launchpads in market share.
Key Points
1. Pump.fun is developing a rewards mechanism that allocates native PUMP tokens based on 30-day Solana (SOL) trading volume.
2. LetsBONK has surged past Pump.fun, capturing 37%-55% of daily active token creators and achieving a peak daily income of $1.78 million.
3. Following the rewards announcement, PUMP token price surged 5% within an hour, reaching $0.002875.
4. Experts caution that distributing 3% of the total token supply monthly may be unsustainable.
5. LetsBONK's success is attributed to its rapid growth in daily active token creators and higher revenue performance.
Description
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