Pump.fun Launches 'Pump Fund' Investment Arm for Memecoin Projects
The memecoin platform Pump.fun has announced the launch of its investment arm, named Pump Fund. According to reports, Pump Fund will commence its operations with a hackathon. The fund plans to support up to 12 projects, providing each with $250,000 at a $10 million valuation. The development signifies an expansion of Pump.fun into direct investment within the memecoin space.
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