Pump.fun2026-10-04 02:31:26Pump.fun founder says reward model was adjusted after backlash over Callout RewardsPump.fun founder alon said on X that the platform has changed its Callout Rewards system after criticism over how the program worked in its first version. He said the initiative was launched two months ago with the goal of making Pump.fun the "most rewarding trading platform," but the original Callout Rewards V1 model unintentionally encouraged the wrong behavior. According to alon, that design led to a rise in low-quality spam content and weakened users' incentive to produce higher-quality posts. He said the team later updated the reward algorithm to favor quality over volume. Under the revised design, the marginal payout declines as a user posts more callouts in a single day. Alon also said rewards have already been distributed to accounts of different sizes, including large accounts and accounts with fewer than 10 followers, and argued there has been no special treatment. Looking ahead, he said the incentive logic will center on discovering quality tokens, building trader trust, and rewarding users based on trading volume, while adding that simply spamming callouts or using followers to dump tokens for arbitrage will not generate long-term returns.50
Pump Fun2026-08-27 13:42:44Research says Pump Fun paid nearly $700K in callout rewards tied mostly to micro-cap tokensA Protos report, citing research by crypto analyst Dethective, says Pump Fun distributed nearly $700,000 in callout rewards to its top 50 earners, with most of the rewarded token picks tied to very small market capitalizations. According to the analysis, 80% of those accounts shared tokens with an average market cap below $100,000, and 12 callers averaged less than $10,000. Only two callers posted an average median market cap above $1 million, while eight fell between $100,000 and $1 million. The data has fueled criticism that the platform rewarded volume and posting frequency more than the quality of token calls. Protos also noted that Martin Shkreli joined Pump Fun this week and made almost $11,000 from callout rewards, even as memecoins closely tied to him fell 94% in 24 hours. Pump Fun COO Alon Cohen said the company has already reduced the weighting of callout count in its reward formula. The report added that Pump Fun’s token has risen 133% over the past month, though it remains down 46% from its all-time high last September.5700
Pump.fun2026-08-26 14:05:20Pump.fun adds HyperEVM support with USDC tradingPump.fun said in a post on X that its app now supports HyperEVM. With the integration live, users can trade HyperEVM tokens using USDC inside the app. The company also said users can earn Callout rewards and execute trades at close to zero cost. The update was disclosed directly by Pump.fun through its official social media post. No additional rollout details were provided in the source material.870
