Pump.fun Cashback Coins Reshape Solana Memecoin Economics as Power Shifts From Creators to Traders

The memecoin economy on Solana is undergoing a structural shift following the launch of Pump.fun’s new cashback coins feature, an update that could significantly alter the balance of power between token creators and everyday traders.

Released in February 2026, the feature introduces a fundamental choice for developers launching new tokens on the Pump.fun platform. Instead of automatica