Callouts and Callout Rewards

pump.fun has become partly a social app. You can follow traders, see what they hold, and get notified when they make a callout: a public call on a coin. Since August 2026 pump.fun has also paid USDC rewards to people whose callouts drive activity.

This page is independent and unofficial. It’s based on pump.fun’s Callout Terms and app text (read through Internet Archive copies) and on dated reporting.

What a callout is

The app’s own definition: “A callout is a public call on a coin you hold.” The rules visible in the app:

• You must hold the coin. The app asks you to hold at least a minimum dollar amount of the coin before you can post; the amount isn’t published outside the app.
• One per coin. The app tells you if you, or your squad, already called out a coin.
• It notifies your followers, and appears in feeds, on the coin’s page and on the leaderboard. People can reply to and repost callouts.
• Mayhem coins can only be called out once their 24-hour Mayhem Mode period ends.

The leaderboard ranks traders who have made at least one callout by their profit over a day, week or month. Squads (invite-only groups) have their own rankings.

How Callout Rewards work, per the terms

The Callouts & Callout Rewards Terms of Service were last updated on 13 August 2026. Key points:

Point	What the terms say
Who runs it	Green Pill Holdings, a British Virgin Islands company, which the terms describe as separate from pump.fun’s operator
What’s paid	Rewards “denominated in USDC” (§8.1), expected about once a day (§8.5)
How it’s scored	A confidential “Activity Metric”, which may include engagement and trading linked to callouts. The metric, ranking method and pool size “will not be disclosed” (§8.2)
Is it guaranteed?	No. Rewards are “entirely discretionary”, the daily amount “may be zero”, and the program can end without paying accrued amounts (§8.3)
Review	Allocations can be manually reviewed, cut or cancelled for suspected manipulation, wash trading or sybil activity (§8.4)
What counts as paid	Only the on-chain USDC transfer; in-app notifications aren’t statements (§8.6)
Clawback	Rewards paid in error or for prohibited activity can be recovered or offset (§8.7)
Who can’t take part	Under-18s, sanctioned persons and UK persons (§3.1)

What changed, with dates

Date	Change	Source
~15 Jan 2026	Callouts feature launches	Parameter
7 Aug 2026	“Social trading launched publicly”: callouts notify followers	pump.fun newsletter #6
13 Aug 2026	Callout Rewards terms published; daily USDC payouts begin	Callout Terms
17–23 Aug 2026	Callout Rewards leaderboard (daily, weekly, monthly, all-time)	pump.fun newsletter #8
4 Oct 2026	Rewards cut for very high-frequency callers, to reduce spam	Crypto Briefing
10 Oct 2026	From this payout, rewards track whether followers benefited, not volume; low-cap callouts earn less	Crypto Briefing

The 10 October change was reported by Crypto Briefing. pump.fun’s archived terms page still shows the 13 August version, and the terms reserve the right to change the metric without notice, so the published terms say nothing either way.

What isn’t published

• The formula. By design (§8.2).
• The total paid. No official figure exists. Crypto Briefing reported a budget of about $15M set aside at launch, which is a budget, not money paid. Protos counted about $700K paid to the top 50 earners by late August 2026, mostly for calls on very small coins.

What it means for you

• A callout is promotion from someone who holds the coin. They profit if you buy after them. Rewards add a second reason to post calls.
• Copying callers is risky. Leaderboard profit is past performance on volatile coins. Most memecoins lose most of their value.
• Watch for impersonators. Fake “pump.fun rewards” or “claim your callout USDC” sites are a phishing pattern; real rewards arrive on-chain without you signing anything. See pump.fun scams and official links.
• This is separate from referral codes. Callout Rewards don’t depend on a referral code. See pump.fun’s referral programs.