Pump.fun Launches GFF to Support Solana Memecoins
Pump.fun has launched the Glass Full Foundation (GFF) to inject targeted liquidity into select Solana memecoins. The new arm aims to deepen market depth for projects with loyal communities. Initial capital transfers are already underway, though funding sources and selection criteria remain undisclosed.
The move comes as Pump.fun faces a sharp revenue slump. On-chain data shows daily revenue plummeted from $7 million during the January memecoin boom. It now stands at about $200,000.
The foundation seeks to boost market stability and restore trader confidence. Rival launchpad LetsBonk.fun, backed by the Bonk community, has already gained market share in token issuance. Traders should monitor planned liquidity injections for potential price support and increased trading activity in Solana memecoins.
Bullish
The launch of the Glass Full Foundation addresses liquidity shortages in Solana memecoins, providing immediate price support and reducing volatility. In the short term, targeted capital injections should stabilize key token markets like FART and BONK, encouraging trading activity. Over the long term, deeper market depth and improved stability could attract new participants to the Solana ecosystem. However, transparency concerns and competition from LetsBonk.fun may temper the upside.