Rebates aren’t insurance. They’re just the trading fees you paid making a round trip back to you.
Alon posted on the evening of November 2, saying Rewards were designed for traders trying to survive markets like these, with the goal of “protecting traders in the ecosystem from market volatility.” More than 90,000 views and over 500 replies.
I really can’t stomach hearing this. Pump.fun keeps saying it distributes 100% of platform revenue, but where does that revenue come from? The fees on every trade into shitcoins. You lose part of your principal, and the platform gives you back a little in fees—is that protection? That’s handing out painkillers. The take from X News was even more blunt: top callout accounts make hundreds of thousands, while ordinary traders take home around $0.13 a day.
Even more interesting was what he said in a reply: as long as someone follows your callout, you can earn no matter how many followers you have; other platforms require thousands of subscribers plus watch time. A low barrier to entry sounds fair, but in shitcoin markets it’s another story: promote your own low-cap coin, collect the rewards, then dump it ten minutes later. Someone in his replies already called it out in those exact words.
The data is there too: @tokens said meme coin trading volume on Solana hit $20.8 billion in October, with Pump.fun accounting for $14.6 billion. The volume is huge, sure—but that proves the platform is doing great business, not that the people following the trades are making money.
This incentive system rewards the people who get others on board, not the ones who are still standing when it’s time to get off. Before you claim your rewards, take a look at your net worth this month.
#Pumpfun #Meme
Alon posted on the evening of November 2, saying Rewards were designed for traders trying to survive markets like these, with the goal of “protecting traders in the ecosystem from market volatility.” More than 90,000 views and over 500 replies.
I really can’t stomach hearing this. Pump.fun keeps saying it distributes 100% of platform revenue, but where does that revenue come from? The fees on every trade into shitcoins. You lose part of your principal, and the platform gives you back a little in fees—is that protection? That’s handing out painkillers. The take from X News was even more blunt: top callout accounts make hundreds of thousands, while ordinary traders take home around $0.13 a day.
Even more interesting was what he said in a reply: as long as someone follows your callout, you can earn no matter how many followers you have; other platforms require thousands of subscribers plus watch time. A low barrier to entry sounds fair, but in shitcoin markets it’s another story: promote your own low-cap coin, collect the rewards, then dump it ten minutes later. Someone in his replies already called it out in those exact words.
The data is there too: @tokens said meme coin trading volume on Solana hit $20.8 billion in October, with Pump.fun accounting for $14.6 billion. The volume is huge, sure—but that proves the platform is doing great business, not that the people following the trades are making money.
This incentive system rewards the people who get others on board, not the ones who are still standing when it’s time to get off. Before you claim your rewards, take a look at your net worth this month.
#Pumpfun #Meme