Pump.fun launches new investment arm for funding startups

Memecoin launchpad Pump.fun has launched Pump Fund, a new investment division focused on long-term support for startup projects within its ecosystem. As its inaugural effort, Pump.fun is initiating a Build in Public (BiP) Hackathon, which will allocate $3 million in funding across 12 selected projects. Unlike traditional programs, Pump.fun emphasizes that the market, rather than judges or VCs, will determine success, empowering those who can capture user interest through early tokenization and betting. To qualify for the hackathon, projects must launch a token and retain at least 10% of its supply, with selection prioritizing organic traction and long-term viability. The Solana-based platform, which fueled significant memecoin activity, recently saw its native token, PUMP, decline amid a broader market cooling, though the platform itself recently hit a three-month high in daily token launches.

(Source：The Block)