Pump.fun – a memecoin issuance platform on Solana – has just launched Pump Fund, a new investment branch aimed at supporting startups within the ecosystem. The first initiative is the “Build in Public” (BiP) hackathon, with a allocation of 3 million USD for 12 projects. Unlike traditional models, Pump.fun states that the market will act as the “judge,” as users directly fund projects through tokenization, instead of relying on judges or venture capital funds.
To participate, projects must issue tokens and hold at least 10% of the total supply. Selection criteria focus on natural traction, rapid deployment, transparency, and long-term sustainability.
Pump.fun previously led the memecoin craze of 2024–2025, creating millions of tokens and hundreds of millions of USD in fees. The PUMP token alone raised over 1 billion USD, but has now decreased by about 70% from its peak. Despite the market cooling down, the number of tokens launched daily on Pump.fun still exceeds 30,000, indicating active activity.
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