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Memecoin launch platform, Pump.fun, has launched a funding arm, Pump Fund, which will distribute $3 million in 12 projects.
Make an announcement Animated films It was announced on Platform X that the fund is an early adopter. He also announced the “Build in Public” hackathon, which will support 12 jobs with $250,000 at a cost of $10 million.
“This will help Pump.fun in the startup ecosystem by connecting projects in the long run,” Pump.fun wrote in a series of tweets on the X website.
The Solana-based platform announced that the upcoming hackathon is a short-term event that differs from traditional programs. The Hackathon offers funding and advice from the founders of Pump.fun, among other perks.
The platform added: “Instead of pleasing judges/traders to make money, tokenization projects allow the market to be competitive. Your users are the ones who pay you money by betting on you in the beginning.”
In order for the participants of the original projects to be eligible to participate in the hackathon, they must establish a token and own 10% of the total tokens.
But the Pump.fun platform explained that the projects should not be related to digital currency, but instead welcomes projects from all stages of maturity, stages and expansion.
Apart from that, the platform will prioritize marketing, public involvement, open communication and long-term stability in selecting the winners.
one user wrote A hackathon is “the biggest opportunity to unleash architectural talent.” The user added that while artificial intelligence has helped millions to create projects and promote talent, the financial system has not.
“Companies with real content are ignored… Hackathon survivors. Incubator rejects. Indie entrepreneurs with vision, ideas, and creativity. Developers who work at 3 a.m. are bypassing startup funding. The talent pool has increased many times, but the funding system has not kept time to change.
The first batch is expected to appear by February 2026.
The price of PUMP, the native cryptocurrency of the Pump.fun platform, has increased by 3.04% in the last 24 hours following the announcement of the launch of the Pump Fund. The current exchange rate is $0.00256, according to the website CoinMarketCap price .
Recent gains show short-term momentum, but are facing resistance near $0.00274.
The digital currency’s price hit a high in September, and has fallen by 70% since then. The rise of meme activity, and Pump.fun’s success as WhiteWhale, has brought the coin back into the spotlight.
Also, according to DefiLlama This activity has helped fuel recent growth, creating a strong foundation for Tokenomics to support its growth.
A note Pump.fun has launched a new venture capital investment platform and has started hackathons. appeared for the first time Cryptonews Arabic.