Pump.Fun, a platform for trading cryptocurrencies and other assets, has rolled out an update aimed at reducing manipulation in meme coin trading. The update focuses on creators' fee handling, limiting their ability to change fee distribution after a token has gained traction.
The change is intended to improve transparency and trust among users, who have been affected by cases of 'vamping' (extracting value from a community) and 'griefing' (disruptive actions that harm traders). However, the update does not address the core drivers of losses in meme coin trading.