Pump.fun Limits Fee Wallet to One Post-Launch Change

Pump.fun, a leading memecoin launchpad on the Solana blockchain, announced a policy update on March 24 that restricts token creators to a single post-launch change of their fee recipient wallet, after which the settings become permanently locked. The change, detailed by cofounder Alon Cohen in a post on X, seeks to address manipulation practices that have undermined trader trust on the platform.

The update targets a common issue known as vamping or griefing, where creators initially direct fees to third-party wallets to build community support and traction for a token, only to redirect them to their own wallets once revenue flows in. This has led to frustration among traders, as tokens lose momentum after the switch. Under the new rules, every token launches with standard creator fees, and deployers receive exactly one opportunity to reassign the recipient wallet. If unused at launch, the chance remains available later, but once exercised, no further alterations are possible. For existing tokens with active fee distributions, settings have been retroactively locked, while those with standard fees retain one adjustment opportunity.

Cohen described the problem as structural,...