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CoinVoice has learned that Pump.fun has announced the establishment of an investment department, Pump Fund. The fund will promote the development of early-stage projects within the ecosystem by establishing long-term partnerships with projects.
Pump Fund's first initiative is the launch of a $3 million BiP Hackathon: with a valuation of $10 million, it will invest $250,000 in each of 12 projects and provide various support such as guidance from the Pump.fun founding team for selected projects.