Pump.fun, a Solana-based meme coin platform, has introduced a new update that eliminates the 0.02 SOL fee for launching a token and rewards creators with 0.5 SOL ($79) if their token reaches a market cap of around $69,000, making it tradable on the Raydium DEX. While some devs see this as an incentive to continue working on their projects, others express concerns about potential exploitation, with critics fearing an increase in low-quality, rapidly launched tokens aiming to cash in on the reward system. The update is currently in beta. Source: Decrypt
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