Looking at the Pump.fun game, the founder Alon recently dropped a big news — major changes to the fee model are coming in 2026. Once the news broke, PUMP's price surged over 10%, and the market seems to have some expectations for this reform.

The current issue is this: although the V1 dynamic fee system successfully spurred a large number of new token issuances, the trading depth has gradually become shallower. In simple terms, the high returns from low-risk token creation have dampened traders' enthusiasm. The new plan aims to reverse this — shifting to a market-driven model, readjusting creator fees, and leaning the balance toward active trading.

It sounds logical, but markets are rarely that simple. According to data models from market prediction agencies, by early February 2026, the PUMP price could drop to about 0.001784 USD, roughly a two-five fold decrease. This suggests that the current rise might just be an early reaction to the reform expectations, and the actual outcome will depend on the implementation and real market feedback.

Fee reform is just the beginning; whether it can truly retain trading volume and maintain ecosystem activity will be the ultimate test of this new mechanism.