2026-01-20 09:25:27

On January 20th, the most representative Meme coin trading platform on the Solana chain, Pump.fun, announced the establishment of an independent investment division, Pump Fund, with an initial hackathon event investing $3 million to support 12 projects. It sounds grand, but compared to this platform's nearly $900 million in cumulative revenue, the numbers seem a bit awkward—in other words, the platform earns $300 for every $1 it reinvests into the ecosystem, accounting for only 0.33%.

This timing is worth pondering. According to transaction data from Solana Launchpads, although Pump.fun still holds the top spot, emerging platform Bags is eating into the market. In a short period, Bags' market share has already surpassed 10%, directly squeezing Pump.fun's share.

It is this pressure that pushed Pump.fun forward. The $3 million ecosystem investment seems like a strategic move—when all platforms have ridiculously low technical barriers and user loyalty is as fragile as paper, whoever can tell a more compelling story wins. Pump.fun wants to say: I am not just a trading venue; I am also incubating the next generation of projects.

The question is, can this ambition be supported by the 0.33% ratio?

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OnchainDetectiveBing

· 22h ago

0.33%？So that's the legendary way of saying "I really care about the ecosystem," haha The share taken by Bags is the real story; the investment department feels a bit pressured It's called incubating projects in a nice way, but basically it's about telling stories to keep people engaged These numbers are indeed awkward, almost like saying one thing and doing another Trying to turn things around with just 3 million? Come on, the pressure on Bags is real Platforms with less than 0.5% ecosystem feedback—why should people believe in long-term sustainability? Anyone can spin stories; it all depends on how they fight the long game later Having less money is one thing, but the main issue is that actions really seem distracted

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SerumDegen

· 01-20 09:55

lmao pump.fun really said "we made 900m, here's 3m back" — that's some hardcore copium vibes ngl. bags eating their lunch and suddenly they're in hero mode? classic desperation play when the moat collapses fr fr

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ZKProofEnthusiast

· 01-20 09:54

3 million USD sounds like a lot, but a ratio of one in 900 million is indeed disappointing, kind of like just putting on a show.

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TokenSleuth

· 01-20 09:53

0.33%？Is this the legendary "I'm very charitable"? LOL --- Pump encountered Bags, now he's starting to tell stories --- 9 billion in revenue and only 3 million taken out, this ratio is really a bit hmm... --- Showing off is one thing, only real gold and silver can truly win people's hearts --- Wait, is Bags really so fierce now? I need to pay attention --- It's the same old story, only when under pressure do they think of giving back to the ecosystem --- 0.33% to incubate the next generation? Wake up --- It feels like Bags is being pushed to the brink, otherwise they would have done this already

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MEV_Whisperer