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Crypto

Meme coin platform Pump.fun launches investment arm \'Pump Fund\'

Meme coin launchpad Pump.fun is launching an investment arm called Pump Fund, Cointelegraph reported on Jan. 20. The platform plans to hold a $3 million hackathon and invest $250,000 each in up to 12 projects. It aims to support projects across various fields beyond blockchain and provide long-term collaboration and mentorship. Co-founder Alon Cohen said demand for innovative founders remains high despite market volatility.

Crypto

Pump.fun overhauls creator fee system

Solana-based memecoin platform Pump.fun will overhaul its creator fee structure, Cointelegraph reported. Co-founder Alon Cohen said the initial fee model encouraged trading but impeded sustained market formation and failed to secure long-term trading stability. The company said its creator fee-sharing system allows creators and CTO managers to allocate a set share of fees to up to 10 wallets, while teams can transfer coin ownership and revoke update rights. Pump.fun said it does not take fees.