Pump.fun has been making frequent moves recently. After a gradual recovery from low revenue, the platform launched a new initiative — the Pump Fund Startup Fund. This $3 million fund is specifically dedicated to supporting early-stage teams. Interestingly, the project selection rights are entirely handed over to the community. Instead of going through traditional fundraising roadshows, community members vote directly to choose the most popular projects. The first batch of selected projects will emerge from a hackathon, with tokens distributed to community participants. The better a project performs, the more rights its team can gain.

Data shows that the platform’s ability to generate revenue is improving. Last week’s income was approximately $7.6 million, showing a clear rebound compared to the previous sluggish period. However, interestingly, the PUMP token price is currently in a sideways trend. On the technical side, RSI and MACD indicators are both hovering in neutral zones, indicating that the market is still digesting this news.

What do you think of this move? Pump.fun is using community power for project selection, which is not a new concept in the crypto space, but integrating it into the fundraising process is somewhat different. In the short term, the price may not see much fluctuation, but from the platform’s development perspective, this community-driven model could become a long-term source of competitive advantage.