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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.
