Overview
- The fund will award $250,000 to each of 12 teams at a $10 million valuation, paired with mentorship from Pump.fun founders.
- Participating teams must issue a token, retain at least 10% of its supply, and document progress publicly through community engagement and updates.
- Applications are open until Feb. 18, 2026, with the first cohort expected within roughly 30 days of launch.
- Eligibility extends to crypto and non-crypto projects, with selection emphasizing organic demand and shipped products over founder pedigree.
- Industry reaction is divided, with supporters highlighting market discipline and critics flagging governance, traction verification, and tokenholder rights as unresolved issues.