Pump.fun announces the establishment of its investment division, Pump Fund

Pump.fun announces the establishment of its investment division, Pump Fund, which will promote the development of startup projects within the ecosystem by establishing long-term partnerships with them.

The first initiative of Pump Fund is the launch of a $3 million BiP hackathon: it will have a valuation of $10 million, investing $250,000 in 12 projects, and providing selected projects with guidance from the founding team of Pump.fun, among other forms of support.