Pump.fun Co-Founder Says Fee Model Failed, Announces System Revamp

Pump.fun co-founder Alon admitted the creator fee mechanism incentivized low-risk coin creation over trading activity, announcing market-based approach where traders decide revenue-sharing arrangements as platform faces expanded class-action lawsuit including nearly 5,000 internal messages alleging coordinated insider access to newly launched tokens while generating $722 million revenue. The post Pump.fun Co-Founder Says Fee Model Failed, Announces System Revamp appeared first on Cryptonews.