2026-01-20 01:28:25

Recently, Pump Fun has been making frequent moves. On January 20th, the official announced the establishment of an investment department, Pump Fund, which seems to aim at upgrading from a simple content creation platform to an ecosystem operator.

Specifically, they just launched a $3 million hackathon project—BiP Hackathon. This time, they went all out, directly investing $10 million to support projects. The 12 selected projects will each receive $250,000 in funding, along with direct guidance from the Pump Fun founding team and various resource support.

This approach is not entirely new, but in the current crypto ecosystem, platforms with money and resources can still make waves. Pump Fun intends to incubate its own startup projects into a complete investment-incubation-launch closed loop.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes

Reward
6
4
Repost
Share

Comment

0/400

GateUser-bd883c58

· 5h ago

Damn, directly valuing at 10 million. Pump Fun is really going big, feels like copying the old tricks of the Solana ecosystem, but having money definitely makes you the boss. Just holding a hackathon and expecting to go live in a closed loop? Sounds easy to say, but more than half of the projects end up as air coins. $250,000 per project, is that real? Feels like the usual tactic before cutting the leeks again. This move isn't new, but it's clear that Pump Fun wants to turn into an investor. Whether it can last until the end of the year is hard to say. Changing from a platform to an investor, this shift is a bit sudden. It feels like a blow-up is imminent.

View OriginalReply0

WhaleSurfer

· 5h ago

Damn, the amount of money being poured in is really going to consume the entire ecosystem. Pump Fun suddenly became a tycoon, this pace is a bit fierce. By the way, this kind of closed-loop model... in the end, isn't it just about who can survive until launch? A $250,000 entry fee, I wonder how many people are itching to get involved. It feels like ecosystem operation is the real business; coin minting platforms have long been saturated. Can these projects really be boosted by the Pump team, or is it just another round of harvesting? Pouring in $10 million valuation sounds impressive, but how many can actually make it out? Wait, if this continues, Pump itself will turn into a VC, which is a bit something.

View OriginalReply0

airdrop_whisperer

· 5h ago

Damn, directly valuing at 10 million? Pump Fun is really aiming to build an ecosystem empire. 25,000 per project. This kind of money is indeed attractive in a bear market, but I'm just worried about getting caught in the typical scam. Another hackathon, another incubation. Is this all Web3 has in terms of creativity... Why does the name Pump Fund feel like it's brainwashing itself? If it can deliver, then it's a win. What are they thinking? Having resources means they can make a splash? This ecosystem has already been played out with these routines. Let's wait and see the fate of these 12 projects. Everyone knows the story of betting 100 and losing 80 in the end. This closed-loop logic is indeed clear—just make sure the participants aren't all old chives. The key still lies in execution. Honestly, there are too many platforms that sound good but lack substance.

View OriginalReply0

NFTregretter

· 5h ago

Ah, another platform wants to play investment on its own. Looking at this $10 million valuation, I just want to laugh. Having lots of money is real, but whether it's reliable or not still depends on what happens next. This closed-loop logic sounds beautiful, but whether it can truly incubate any projects is another story. $250,000 per project? Still a bit tempting, but this kind of concentrated betting risk is also huge. Pump Fun wants to transform from a creation platform into an ecosystem player. This ambition is not small; it all depends on whether the team can hold it together. No matter how loud they boast, it all comes down to how many projects can survive in the end. Otherwise, it’s just another show of harvesting the chives. If capital really wants to go all-in, first look at where those "star projects" from previous hackathons are now, and then talk.

View OriginalReply0