pump.fun's "cashback coins" sound generous until you think about it for 10 seconds.
trading fees come from traders. cashback goes to traders. so traders pay themselves back. that's just... 0% fees with extra steps.
the real change isn't cashback. it's that creators now earn nothing.
for meme coins that might be fine — most deployers vanish after launch anyway.
but for agents building real products? revenue isn't a perk, it's survival. take it away and autonomous agents become permanent demos.