Solana’s memecoin launchpad, Pump.fun, is shaking things up again with the launch of its Glass Full Foundation (GFF). This new initiative is here to support various projects within its ecosystem, basically injecting some much-needed liquidity into the most dedicated crypto cults. Pump is all in on helping these projects grow, even if it means pushing a little extra cash their way.

Now, when we hear "foundation," we usually think of a nonprofit or a legal entity steering a project forward. GFF is doing just that, but with a little more flair (and hopefully some solid results). According to their announcement on X, they’ve already started providing support for a few projects and plan to deploy even more capital. The ultimate goal? To expand the Solana ecosystem exponentially. At least, that's what they say.

Is This Pump’s Last Hope or a Comeback?

However, I can't help but notice that the announcement doesn’t mention where exactly this capital is coming from or what the selection process for liquidity is. I mean, details are important, right?

Last month, Pump.fun raised $600 million in just 12 minutes through its ICO, launching its native token. Not a bad start, I’d say. They also initiated a multimillion-dollar buyback, showing they know how to play the game. But lately, they’ve been feeling the heat from some serious competition. LetsBonk.fun, another Solana memecoin launchpad backed by the Bonk community and integrated with Raydium, is nipping at their heels.

What’s even more concerning is that Pump.fun’s revenue has seen a sharp decline. Back in January, the platform was raking in over $7 million in daily revenue, but as of earlier this month, that number had dropped to just around $200,000. Is this the beginning of the end for the memecoin craze, or is the Glass Full Foundation Pump’s big bet to turn things around? Guess we’ll see.

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