Pump.fun Cuts Referral Share to 37.5% as 4x Boost Ends

Pump.fun has reduced its referral fee share to 37.5%, effectively ending the previous fourfold boost that allowed creators to earn significantly higher commissions from referred trades. This structural change means creators will now earn 62.5% less from identical referral fees compared to the prior incentive model. Despite the reduction in the percentage share, the platform maintains its policy of distributing all app revenue through rewards, aiming to balance sustainability with user incentives. The adjustment signals a strategic pivot toward long-term economic stability for the Solana-based meme coin launchpad. Market participants should monitor whether this lower commission rate impacts creator retention and overall platform activity volume.