Pump.fun Launches $3 Million Hackathon to Fund Startups

Pump.fun Launches Pump Fund

  • Pump.fun has introduced Pump Fund, an investment arm for startup projects within its ecosystem.
  • The fund replaces traditional venture capital with market-based token launches.
  • A "Build in Public" hackathon will allocate $3 million to 12 projects, each receiving $250,000 at a $10 million valuation.
  • Project founders must launch a token and retain at least 10% of its total supply, with funding linked to live market demand.
  • Hackathon submissions close on February 18, with winners announced within 30 days.

Market-Driven Funding Model

  • The model eliminates judges and venture firms, allowing projects to raise capital through token sales.
  • Selection focuses on user traction, rapid deployment, and sustainability beyond early speculation.
  • Pump.fun was influential during the meme coin cycles of 2024 and 2025, facilitating over 14 million token launches.
  • The PUMP token experienced significant price fluctuations, currently trading around $0.0026.

Revenue Insights

  • CryptoQuant data indicates Pump.fun generated $7.6 million in fees last week, the highest since September 2025.
  • Recent updates to creator incentives have led to increased daily token launches, reaching over 30,000.
  • The 30-day rolling revenue increased from $21.6 million to $24.8 million amid a brief meme coin rally.

Pump.fun fee revenues | Source: CryptoQuant