Pump.fun Launches ‘Pump Fund’ Investment Arm

Memecoin launchpad Pump.fun is pivoting by launching 'Pump Fund,' a new investment arm intended to back promising startups, moving beyond its core memecoin focus. This launch is accompanied by a $3 million, 30-day hackathon that will fund 12 projects with $250,000 each at a $10 million valuation. The fund aims to support projects of all maturities and verticals, prioritizing teams that ship quickly and communicate openly, with mentorship provided by Pump.fun founders. Pump.fun co-founder Alon Cohen noted that the demand for good founders remains high, citing how tokenizing early-stage projects allowed users to fund builders directly. This move occurs as trading volumes on Pump.fun have declined from their peak of $11.75 billion in January 2025 to $2.43 billion in December, reflecting a broader shift in market interest away from speculative assets like memecoins.

(Source：Cointelegraph)