Pump.fun's top creators get huge payout. | Credit: Alfred Gescheidt/Getty Images.
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Key Takeaways
Over $16 million has been claimed by Pump.fun token creators amid the “Project Ascend” initiative.
Pump.fun has spent $20 million as part of an ongoing PUMP token buyback scheme.
The PUMP token is trading up 35% in the past week and now carries a market cap of $2 billion.
Just a week after unveiling “Project Ascend,” its overhaul of token launches and creator incentives, Pump.fun is showing signs of revival.
The platform’s update, aimed at breathing new life into its struggling PUMP token, has already sparked renewed activity and optimism among traders.
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According to Dune Analytics, over $16 million in creator claims have been paid out in the past 7 days. This brings the total to $19.08 million since the initiative kicked off on Sept. 2, 2025.
Pump.fun daily creator claims. | Source: Dune.
Pump.fun’s Project Ascend introduced “Dynamic Fees,” which grant token creators with higher market caps lower fees.
The rationale behind the restructuring was to deter creators with nefarious intent—those running rug pulls, scams, pump-and-dumps, and similar schemes.
Meanwhile, Pump.fun’s newly released token, PUMP, experienced a dramatic decline after its launch.
Combined with Project Ascend, these efforts have pushed the PUMP token up by 35% in the past week and 61.25% in the past 30 days. It is now trading at $0.005661 with a market cap of $2 billion.
Return to Form
The rise in creator claims has coincided with a massive rise in the number of tokens created daily on the platform.
At its peak, the memecoin-creating platform was flooding the markets with tens of thousands of new tokens every day.
However, in July, daily figures fell below 10,000 for the first time, reaching a low of 3390 tokens created.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
