Solana token issuance platform Pump.fun is rolling out a new revenue-sharing model that lets coin creators earn a cut of trading fees — a move aimed at rewiring developer incentives and supporting longer-term community building.

Pump said late Monday that 50% of PumpSwap revenue will now be shared directly with creators, earning 5 basis points (0.05%) of all trading volume on their coin.

The feature applies to newly created tokens, coins still on the platform’s bonding curve, and even those that have already «graduated» to the PumpSwap trading pool.

That means for every $10 million in volume, creators earn $5,000 in SOL — an immediate on-chain payout that can be claimed anytime through Pump.fun’s creator dashboard.

“Our #1 goal is to grow the trenches. always has been, always will be. When the market grows, more people join, communities get bigger and stronger, and everyone wins,” wrote founder Alon Cohen on X.

The feature shifts how creator incentives are handled across the memecoin ecosystem. Until now, most coin developers, especially in the low-barrier Solana memecoin ecosystem, had only one real way to profit: buy their own coin at launch prices and sell into retail demand.

But that has led to pump-and-dump behavior, community rug fears and millions of low-effort tokens launched that may have siphoned hundreds of millions from investors and trades (wildly changing market dynamics from past years).

By giving developers a recurring source of income based on trading activity, the platform hopes to foster more diverse project types, such as utility tokens, creative experiments, and even media or live-stream-based communities.

“Because coin devs can only benefit from their coin by selling AND because they’re the first buyers at the lowest price, the incentives are there for them to sell on everyone else,” Cohen said. “Doxxed devs who try something new aren’t really a thing anymore because it’s instantly assumed that they’re malicious.”

“This simply isn’t productive or sustainable,” he said.

Pump has emerged as one of the biggest crypto application success stories since its late 2023 launch, with tens of thousands of tokens issued daily and coins such as dogwifhat (WIF) zooming to billions of dollars in market cap.

Bitcoin’s (BTC) $2 trillion market cap has attracted a wave of new buyers to the market, while seasoned traders turn cautious, according to analysis of on-chain data by Glassnode.

BTC’s price topped $100,000 last Thursday, lifting its market capitalization above $2 trillion for the first time since Jan. 31, according to data source TradingView. Since then, the ship has steadied above the $2 trillion mark, with analysts calling for record highs on the back of an impending U.S. inflation data later Tuesday.

It’s common for new investors to join the market in such bullish conditions, and they are doing so in large numbers, hinting at retail FOMO, a crypto slang for «fear of missing out.» FOMO happens when investors feel compelled to buy coins because they see others making gains or fear that prices will rise significantly without them. It causes investors to make impulsive purchases driven by emotions rather than careful study.

«BTC Supply Mapping shows sustained strength in new demand. First-Time Buyers RSI has held at 100 all week,» Glassnode said on X.

Glassnode’s supply-mapping tool represents granular segmentation of different investor cohorts based on their behavioral patterns.

First timers are defined as wallets engaging with the token for the first time. The 30-day relative strength index of the first-time buyers holding at 100 through the week indicates strong buying interest from these participants.

However, the activity of other investor cohorts isn’t as encouraging, raising the possibility of a BTC price consolidation or pullback.

Per Glassnode, demand from momentum buyers remains weak, with the 30-day RSI at 11. Momentum traders capitalize on an established uptrend or downtrend, betting it will continue.

«Momentum Buyers remain weak (RSI ~11), and Profit Takers are rising. If fresh inflows slow, lack of follow-through could lead to consolidation,» Glassnode noted.

A sharp pullback in crypto markets late Monday triggered over $500 million in long liquidations, erasing earlier gains as bitcoin (BTC) slipped from weekend highs and traders reacted to de-escalating U.S.-China trade tensions.

Coinglass data shows more than $530 million worth of long positions were liquidated in the past 24 hours — with nearly $200 million coming from bitcoin-tracked futures and $170 million from ether (ETH) products.

Liquidations occur when an exchange forcibly closes a trader’s leveraged position due to insufficient margin. It happens when a trader cannot meet the margin requirements for a leveraged position, that is, when they don’t have sufficient funds to keep the trade open.

Majors bore the brunt of the drop, with dogecoin (DOGE) and cardano (ADA) each falling as much as 7%, and solana (SOL), xrp (XRP) and BNB Chain’s BNB losing between 5%–6%.

The liquidations marked a reversal from last week’s euphoric rally, which had seen ETH gain 40% and major altcoins push double-digit percentage gains in a wave of short squeezes. That move had triggered over $1 billion in short liquidations — the highest since 2021 — and sent bitcoin briefly past $104,000 before momentum faded.

Markets turned lower during U.S. trading hours Monday after reports of a temporary tariff truce between the U.S. and China, with the removal of several mutual levies and both pledging renewed trade cooperation.

While easing tensions supported equities, the development may have tempered the risk-on narrative that had fueled crypto’s breakout over the past week.

Futures open interest across major exchanges also fell by more than $1.2 billion, suggesting a sharp deleveraging as long traders were forced to exit positions, Coinglass data showed.

Analysts caution that while the near-term flush may reset frothy sentiment, with eyes on the next Fed meeting in June.

“Right now macro concerns are driving the market and the next Fed decision and outlook remarks in June will likely be the key factor in driving Bitcoin past its previous all-time high,” Jeff Mei, COO at crypto exchange BTSE, told CoinDesk in a Telegram message.

“This would stimulate lending and investment in the US economy and hopefully drive growth, avoiding the recession investors are apprehensive about,” Mei added.