🔥After being knocked out of the leading position in the meme coin market on Solana by LetsBONK (Pump fun now only holds 12% market share compared to 84% of LetsBONK), Pump fun is quietly preparing a 30-day incentive program, rewarding PUMP tokens based on trading volume.

Data from the new SDK reveals features for tracking transactions, setting reward conditions, and the ability to distribute up to 1 billion tokens per day, although this may only be a test figure. Notably, activities under the bonding curve mechanism will also be included in the reward system.

This move comes as Pump fun's revenue has severely decreased (only reaching 254,000 USD on July 25, while LetsBONK earned 1.3 million USD). The price of PUMP tokens also plummeted over 50% after the ICO, partly due to the CEO's announcement of no airdrop, which shattered investor expectations.

Pump fun is cornered and forced to burn tokens to regain market interest. But with investor confidence shaken and competitors racing ahead, it remains unclear whether this gamble will be enough to turn the tide.