
Pump.fun announces $3mln fund for startups – A move away from memecoins?

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Pump.fun has launched the Pump Fund, a $3 million investment initiative aimed at supporting early-stage teams based on public traction rather than traditional venture processes. This move comes as the platform's revenues have rebounded, generating an estimated $7.6 million recently. However, the price of PUMP has struggled to maintain recent highs, indicating a consolidation phase. The success of the Pump Fund will depend on public sentiment and project visibility.
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