Tyler and Farokh explain why Pumpfun ($PUMP) new Diamond and Degen algorithm update is their best release yet by rewarding long-term holds and higher market cap plays
โPump is changing the call-out rewards, using a portion of the daily rewards pot to go to this new Diamond algorithm.
โIt's focused on higher market cap tokens, incentivizing holding, reducing call-out spam, and boosting rewards for certain asset classes like perps.โ
โThis is Pump responding to the criticism that all they reward is micro-cap pump-and-dump numbers every day.โ
โNow they're going to start rewarding people who are calling out $1M, $5M, $10M market cap tokens and actually buying and holding.โ
โI think this is going to change the game a bit and change how people look at call-outs.โ
โfocusing more on longer-term plays. This is the single best update I have seen from Pump in a very long time.โ