Pump.fun Announces Establishment of Investment Department Pump Fund

BlockBeats News, January 20th, Pump.fun announced the establishment of an investment department, Pump Fund, which will drive the development of early-stage projects within the ecosystem through long-term partnerships with projects.

The first step of Pump Fund is to launch a $3 million BiP Hackathon: with a $10 million valuation, it will invest $250,000 in 12 projects each and provide selected projects with guidance from the Pump.fun founding team and other support.