Pump.fun Establishes $3 Million Pump Fund; Can PUMP Break Free from Meme Coin Cycles? On January 21, news broke that Meme coin issuance platform Pump.fun announced the launch of a $3 million Pump Fund. This new entrepreneurial fund marks the project's attempt to shift from a single Meme coin trading model toward a more long-term Web3 entrepreneurial ecosystem. The fund will be officially launched through a "public building" hackathon, with community influence rather than traditional venture capital evaluation as the core basis for fund allocation. According to official disclosures, teams participating in the Pump Fund are not required to pitch to judges but must issue tokens, retain part of the supply, and continuously showcase product progress in the public eye. Funds will flow to projects recognized on social levels and among genuine users, with the core idea of letting the market itself decide which early teams deserve capital support. This mechanism is seen as an alternative to traditional VC processes and provides tools for Pump.fun to explore longer project lifecycles. This transformation occurs amid a noticeable rebound in platform revenue. As Meme coin markets experienced a brief rally in early 2026, Pump.fun's fee income also recovered, reaching approximately $7.6 million in the past week, returning to levels seen since September 2025. In previous weeks, the platform's weekly revenue fluctuated between $4 million and $6 million, and the 30-day rolling income increased from $21.6 million to $24.8 million, indicating a phased revival of activity. On the token side, PUMP rose in early January but entered a consolidation phase. Technical indicators show momentum has slowed, with prices mostly in sideways accumulation. Since PUMP is highly correlated with Meme coin popularity and platform usage frequency, whether the Pump Fund can bring more stable and sustainable demand remains to be seen. From a longer-term perspective, Pump.fun's entry into "community-driven investment" with a $3 million startup fund signifies a shift away from relying solely on short-term speculative traffic toward cultivating a sustainable project ecosystem. If this model succeeds, the value logic of PUMP could shift from a pure Meme narrative to a more fundamentally driven platform token narrative, which could become an important variable to watch in the 2026 crypto market. #现货黄金再创新高