Moving Beyond Trading Volume
Under Pump.fun’s Aug. 13 launch rules, users shared fixed daily reward pools according to the trading volume their recommendations generated. A Sept. 3 guide by its head of content, json, described payouts based on each user’s share of attributed buy volume, with payout penalties for posting more callouts than an unspecified threshold.
“Callout rewards do not reward you for simply calling a token that goes up,” the guide said. A recommendation had to generate trading volume.
The latest change would make followers’ trading outcomes more important to a caller’s earnings than the activity those recommendations produce. Alon said low-cap callouts would be “nerfed,” arguing that rewards should benefit more people rather than a small group of sophisticated traders. His announcement did not specify a market-cap cutoff or explain how follower profits would be measured.
This is not the program’s first adjustment. On Oct. 3, Alon said its initial version had encouraged low-quality spam and that an earlier update had introduced diminishing returns for making more callouts each day.
The announcement also comes a day after Alon defended the program against accusations that Pump.fun was rewarding scammers. He acknowledged that some “bad traders” received rewards, while arguing that many good traders deserved their payouts.
In a separate Oct. 9 post, Alon said algorithm changes could take weeks to affect results and historical rewards rankings could take weeks or months to shift. Already-paid rewards, he said, could not be reversed.