Pump.fun Token Incentives Program Targets Market Rebound

Pump.fun token incentives program to regain market position

Solana based meme coin launchpad platform is planning to roll out a volume based incentive program using its native $PUMP as a reward.

This move comes at a time when the platform is losing market shares and aims to boost user engagement and trading activity. The price of digital asset has jumped from $0.002502 to $0.00251 and is currently trading at 0.002960(at the time of writing) which is 18.31% showing strong early market interest.

Source: CoinMarketCap

New SDK update reveals incentives framework

According to Blockchain researcher Dumpster DAO, the official pump SDK has recently been updated to support this incentive on his X handle. The update introduces a new admin function that sets the key parameters like how many tokens to distribute per day.

Along with that there is a built in method for tracking user activity and letting users claim their rewards. Even the bonding curve programs  IDL was updated which hints that trading volume through bonding curves might also contribute to rewards.

Source : X

30-day incentive may be extended

As per researcher, the Pump.fun token incentives program is expected to run at least 30 days but the way it is structured means that it could be extended further if needed.

Source: X

The team can either reuse the same structure or can modify it for a longer use depending on its success. It is clear that the platform wants to keep things for Pump.fun token incentives program flexible as they try to win back users.

Uncertainty around token distribution volume

Currently, the exact number of tokens to be distributed daily has not been officially confirmed. In a test version of SDK, 1 billion tokens per day were shown but Dumpster believed that is likely just a placeholder.

If they really gave out that much then it would mean giving away 3% of the total supply in just one month which seems a bit too much and probably won’t be the final figure.

Just a few days ago, platform's co-founder Alon shared that their airdrop plans were being pushed back. Shortly after the news, the digital asset dropped more than 12% in a single day. Now, the platform is trying to bounce back with Pump.fun token incentives program.

Tough competition from Bonk.fun

Pump.fun token incentives program is facing heavy competition from Bonk.fun which currently holds over 80% market shares with 24 hour volume of $303 million. In comparison, it is sitting at just 14.7% shares and $55.3 million in volume.

Source: X

Even before the token ICO it was starting to slip. Still, the ICO did sell out in under 15 minutes which shows there is potential if they can re-engage the community.

Conclusion

This incentive program could be a turning point for the platform. With the token’s price already reacting positively there is clear hope in the market. But the real test will be how users respond once the program actually goes live.

If successful it might help the platform to regain momentum in the meme coin launchpad space but the competition is tough and there is no room for error.