According to CoinMeta, pump.fun founder alon stated that earlier versions of callout rewards v1 inadvertently incentivized incorrect behaviors, leading to an increase in low-quality, junk content. The team has updated the reward algorithm to focus more on quality rather than quantity, and has reduced the marginal rewards for daily callout postings. Currently, pump.fun has distributed rewards to accounts of various sizes, and in the future, the incentive logic will revolve around discovering high-quality tokens, building trader trust, and earning rewards based on trading volume.