- Pump.fun triggered a sharp PUMP rally after launching Pump Fund.
- Pump Fund launches $3M hackathon, backing 12 projects with $250K early-stage investments.
- PUMP trades near $0.00266 in a rising wedge, up 50% in the past month.
PUMP rallied more than 7% in the past 24 hours, extending its one-month gain beyond 50% as the token pushes toward a $1 billion market capitalization. The move followed the launch of Pump Fund, Pump.fun’s first step beyond meme coin issuance into early-stage investing.
What Pump Fund Changes
Pump Fund introduces a $3 million build-in-public hackathon, and 12 projects will receive $250,000 each at a $10 million valuation. Funding is described as early investment, not grants, with token issuance required.
Projects are judged continuously by market participation, not panels. Traction, liquidity, and community engagement drive capital allocation. Teams must retain at least 10% of the token supply. This model pushes Pump.fun closer to a token-native accelerator rather than a pure launchpad.
PUMP Price Analysis: Chart Structure and Key Levels
PUMP trades near $0.00266 after breaking short-term resistance. Price is compressing inside a rising wedge structure. RSI sits near the mid-50s, showing momentum without exhaustion.
Immediate support rests near $0.00225, followed by $0.00200. A clean break below this zone would invalidate the current bullish structure and open a correction toward the $0.00175 region.
Source: TradingViewOn the other hand, reclaiming and holding above $0.00285 opens a path toward $0.00370 and $0.00480. Extension targets above that range sit near $0.00580 and $0.00640 if momentum accelerates.
Risk of Narrative Fade
While the fund launch explains the rally, it also introduces new risks. Token traction does not always equal product quality, and hype-driven funding can reverse quickly.
Pump.fun’s history with short-lived tokens and past rug narratives keeps risk high. If attention shifts or early buyers take profit, the price could retrace despite the longer-term structural change.
Market participants continue to call for fair launches and prevent scammers from rugging their communities. Some have even suggested ways in which Pump.fun can be made more secure for traders.
Related: Do Creator Fees Need a Rethink on Pump.fun? Alon Cohen Backtracks
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/pump-fun-surges-after-fund-launch-but-is-a-pullback-coming/
