Pump.fun established its investment arm, Pump Fund, and launched a hackathon with a prize pool of $3 million.

Pump.fun announced that its newly established investment arm, Pump Fund, will launch the "Build in Public" hackathon with a total prize pool of $3 million. The hackathon will fund 12 projects, providing $250,000 in funding for each project, representing a valuation of $10 million.