Solana’s memecoin launchpad, Pump.fun, has established the Glass Full Foundation (GFF) to provide essential liquidity to selected projects within its ecosystem, addressing a notable decline in its revenues. The foundation plans to inject liquidity into ecosystem tokens to assist its loyal communities, although the specific funding sources and recipient project criteria have not been publicly shared.

Earlier this year, Pump.fun reported daily revenues of approximately $7 million, which have since plummeted to roughly $200,000, as rival platform LetsBonk.fun capitalizes on market share increases.

Key Points:

• Pump.fun has launched the Glass Full Foundation to give liquidity support as revenues slump.
• The foundation intends to bolster ecosystem tokens but hasn’t made public the funding mechanisms or selection methods.
• Daily revenue for Pump.fun has dramatically decreased from earlier spikes in January to current lows.

“We will inject significant liquidity into ecosystem tokens to support our most diehard cults,” claims the announcement from GFF, with initial liquidity deployments already initiated and further steps on the horizon.