Memecoin launchpad Pump.enjoyable has introduced the launch of its new funding arm, Pump Fund, marking a notable strategic pivot away from its memecoin-focused roots towards long-term startup backing.
The corporate revealed that Pump Fund will debut alongside a $3 million hackathon. Over a 30-day interval, as much as 12 initiatives will likely be chosen to obtain $250,000 every, based mostly on a $10 million valuation.
In line with Pump.enjoyable, the fund won’t be restricted to crypto-native startups. As an alternative, it goals to assist groups throughout varied sectors and levels, with a give attention to long-term alignment. Chosen initiatives may also obtain direct mentorship from Pump.enjoyable’s founders, emphasizing fast product supply and clear communication with customers.
The hackathon mannequin departs from conventional enterprise capital processes. Taking part groups are required to launch tokens, share ongoing improvement updates, and permit market contributors to find out venture success. Pump.enjoyable described this strategy as letting customers and merchants act as early backers, moderately than counting on judges or institutional buyers.
Pump.enjoyable co-founder Alon Cohen said that current crypto developments exhibit sustained demand for robust founders, no matter market cycles. He famous that early-stage token launches have attracted customers wanting to spend money on new concepts, citing synthetic intelligence initiatives as examples of how tokenization can unlock early liquidity and participation.
The launch of Pump Fund comes amid declining buying and selling volumes on the Pump.enjoyable platform. Information from Token Terminal exhibits that month-to-month buying and selling quantity peaked at $11.75 billion in January 2025, earlier than falling steadily to $2.43 billion in December as speculative curiosity in memecoins cooled throughout the broader market.
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