Pump.fun Trader Revitalizes SOL Memecoins with Cashback
SOL/USDT
$3,709,226,372.15
$87.88 / $83.48
Change: $4.40 (5.27%)
-0.0104%
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Contents
Solana-based memecoin launchpad Pump.fun has launched a new feature by changing its fee model, shifting rewards from token creators to traders. Now, token creators can choose the Trader Cashback model instead of Creator Fees (share from 0.3% fees) before launch; this decision is irreversible. Cashback Coins are generated with every transaction and can only be accessed from Pump.fun's integrated Terminal platform. Pump.fun announced that this change focuses on traders, noting that many tokens have succeeded without teams.
How Does Pump.fun's Trader Cashback Model Work?
In the new model, token creators activate Trader Cashback by forgoing Creator Fees. Cashback Coins generated in every transaction are refunded to traders and can only be withdrawn via Terminal. This encourages memecoin trading by increasing liquidity. Experts say this move will make Pump.fun more competitive in the SOL detailed analysis ecosystem.
75% Drop in Platform Fee Revenue
The change comes with a drop in platform fees: $31.8 million in January 2026 (a 75.6% drop from $148.1 million in January 2025), $15.6 million recorded so far in February (DeFiLlama data). According to Dune Analytics, only a few of the 58.7 million wallets profited.
| Period | Fee Revenue (Million $) | Change |
|---|---|---|
| January 2025 | 148.1 | - |
| January 2026 | 31.8 | -75.6% |
| February 2026 (so far) | 15.6 | - |
Santiment: Memecoins Giving Bottom Signal
Santiment analysts noted that memecoins are showing a bottom signal. SOL, approaching the oversold region with RSI 35.49, is in a downtrend. Supertrend is bearish, with pressure above EMA 20: $92.64. In this environment, Pump.fun's trader-focused model could be a catalyst for recovery.
SOL Technical Analysis: Strong Support Levels
As of February 18, 2026, SOL price is $85.03, 24h -1.75%. Main supports and resistances:
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 | $84.0250 | 68/100 ⭐ | -1.18% | Ichimoku, Prev Day Low |
| S2 | $78.2678 | 63/100 ⭐ | -7.95% | HVN, ATR Lower |
| R1 | $85.0550 | 78/100 ⭐ | +0.03% | Doji, Prev Day Close |
| R2 | $89.9994 | 68/100 ⭐ | +5.84% | Fibo, BB Middle |
S1 is strong support; if broken, S2 could be tested. Investors can hedge with SOL futures trading.
Coinbase Base Comparison and MEME Effect
Meanwhile, Coinbase's Base network shut down its Creator Rewards program on February 10, focusing on tradable assets; $450,000 was paid to 17,000 creators. Pump.fun's move prioritizes traders unlike Base. With similar bottom signals in MEME coins, the SOL ecosystem could recover.