Pump.fun Establishes Glass Full Foundation to Support Ecosystem Liquidity
Solana memecoin launchpad Pump.fun has established the Glass Full Foundation (GFF) to provide liquidity to selected ecosystem projects as its revenues decline. Key points include:
- GFF aims to inject liquidity into ecosystem tokens, supporting dedicated communities.
- No details on funding sources or criteria for project selection were provided.
- Initial liquidity deployments have occurred, with more planned.
- The leading token in the Pump ecosystem is fartcoin (FART), valued over $1 billion.
- Peanut the squirrel, another token, has a market cap exceeding $253 million.
- Pump.fun’s daily revenue fell from over $7 million in January to around $200,000 recently.
- Rival launchpad LetsBonk.fun has gained market share, becoming the top issuer last month.