
Pump.fun Launches a $10M Funding Program. Is This Another "Rug Pull"?

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Pump.fun has launched a $10 million funding program called Pump Fund, aimed at supporting 12 startups with $250,000 each. This initiative marks a shift from speculative token launches to fostering innovation across various sectors, not limited to blockchain. The program promises mentorship and fast financing, but faces credibility challenges due to Pump.fun's past reputation with memecoins. The success of this fund could enhance Solana's ecosystem by attracting innovative projects, potentially increasing SOL token usage and network adoption.
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