- Pump.fun is introducing a 30-day reward initiative using PUMP tokens to increase platform activity and attract user engagement.
- The updated SDK now supports tracking volume and distributing daily token rewards, hinting at an upcoming launch.
- The PUMP token price rose over 17% after the news, signaling renewed interest following a previous dip linked to an airdrop delay.
Pump.fun, a meme coin launchpad on Solana, is reportedly preparing to introduce a volume-based incentive program that will use its native PUMP token for daily community rewards. The initiative, aimed at boosting user engagement, follows updates to the platform’s software development kit (SDK), which now includes functions for tracking activity and distributing tokens.
According to a post from crypto researcher Dumpster DAO, the incentive campaign is expected to run for at least 30 days. The SDK now allows administrators to set parameters such as token distribution amounts and user volume tracking. Although the specific number of tokens for rewards has not been finalized, the current SDK version lists 1 billion PUMP tokens daily. This figure, however, appears to be a placeholder.
SDK update hints at incentive mechanisms
The newly integrated SDK functions suggest that users will be able to claim rewards based on their trading activity. Parameters for distribution and volume tracking have been included in the SDK’s admin settings. While the initial setup is for 30 days, the team retains the ability to extend or modify the program as needed.
The announcement of the upcoming incentive program has had a notable effect on the token’s price. The PUMP token has climbed over 17% in the last 24 hours, now trading at approximately $0.002853 with a market capitalization of just over $1 billion. This comes after a 12% drop earlier in the week following a delay in the platform’s airdrop plans, announced by co-founder Alon.
Efforts to recover lost market position
Pump.fun’s latest move appears aimed at reclaiming market share in a highly competitive space. Currently, Let ‘sbonkFun dominates with 80.7 percent market share and $303 million in 24-hour trading volume. In contrast, Pump.fun holds a 14.7% share, generating $55.3 million in volume. Despite its lower standing, Pump’s ICO sold out in under 15 minutes, suggesting strong early interest.
