Pump.fun Unveils Market-Driven Fund for Early-Stage Crypto Projects
Solana-based meme coin launchpad Pump.fun announced Monday a $3 million fund that replaces traditional venture capital gatekeepers with market-driven token launches.
The platform’s new investment arm, Pump Fund, will distribute the capital through its “Build in Public Hackathon,” funding 12 projects with $250,000 each at a $10 million valuation, the company said Monday in a statement on X.
Unlike conventional accelerators, where founders pitch to judges, winners will launch tokens and let market demand determine their fate.
“Your users are the ones that fund you by betting on you early. Those who can capture the minds of the people are empowered like nowhere else,” Pump.fun wrote in its statement.
The hackathon accepts…
