Pumpfun, a Solana memecoin launchpad, has launched the Glass Full Foundation to boost liquidity and support growth within the Solana blockchain ecosystem. The foundation aims to inject liquidity into select ecosystem tokens, particularly focusing on promising community projects and memecoins. Several projects have already received support, with more deployments planned, although specific allocation details have not been disclosed. According to an investigation, five wallets linked to the Glass Full Foundation have deployed $1.69 million into Pumpfun ecosystem tokens, with $350,000 remaining in affiliated wallets for future use. The initiative comes as Pumpfun seeks to sustain ecosystem development amid a decline in platform revenues from earlier highs this year. Additionally, Pumpfun is using revenue to buy back its own token, positioning itself as a notable entity in supporting aligned ecosystem memecoins and potentially setting a precedent in the market.
🚨JUST IN: According to @SoloJayQ's investigation, five wallets linked to https://t.co/VS31GZ3dMY’s “Glass Full Foundation” have deployed $1.69M into Pump ecosystem tokens, with $350K remaining in affiliated wallets for future deployment. https://t.co/V8ShrmK35f
.@pumpdotfun has created the Glass Full Foundation, an initiative aimed at providing liquidity to selected projects in its ecosystem as platform revenues slide from early-year highs. By @shauryamalwa. https://t.co/yjmF6njm9G
pump fun is deploying size in accumulating aligned eco-system memes, alongside using revenue to buy back their own token. feels like the first large entity to at least publicly do both. if the market continues to show positive sentiment for this, it can set a standard for https://t.co/o857R7sUYu https://t.co/LEVDl3RbDo