Pump.fun has announced the launch of a trading volume reward program using PUMP tokens aimed at reviving user engagement and market share.
PUMP Token Reward Program
Pump.fun has implemented a new trading volume incentive program utilizing PUMP tokens. Based on SDK updates and statements from ecosystem participants, this initiative aims to restore user interest and increase market share.
Market Reaction to Program Announcement
The market reacted to the reward program with a significant increase, as PUMP token exhibited over a 17% intraday rise. Trading volume also rose by 8%, showcasing heightened market interest following the announcement.
SDK Updates and Company Outlook
SDK updates indicate enhanced admin capabilities for configuring incentive parameters. Additionally, reward tracking and bonding curve support have been introduced. As ZYN, a Web3 analyst from Pump.fun, noted: 'PumpFun is preparing a $PUMP incentives program to regain market share. SDK updates show reward tracking, bonding curve support, and a 30+ day incentive window.'
The launch of the PUMP token reward program demonstrates Pump.fun's strategic efforts to regain its market share and enhance user engagement, though analysis shows that similar initiatives in the past led to short-term effects.
