Solana memecoin launchpad Pump.fun 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.
The group said GFF will “inject significant liquidity into ecosystem tokens to support our most diehard cults,” without disclosing the source of funds or the selection criteria for recipients. Initial deployments have already been made, with more planned, according to posts on X.
The top Pump ecosystem token is fartcoin (FART), valued at over $1 billion as of Friday. The second-largest token is peanut the squirrel — a reference to a viral Instagram pet that was put down last year to huge social media backlash — which boasts a market cap over $253 million.
The Glass Full announcement comes as Pump.fun’s daily revenue has dropped sharply from more than $7 million at the height of January’s memecoin frenzy to around $200,000 earlier this month, based on on-chain data.
That slump came as LetsBonk.fun, a rival Solana launchpad tied to the Bonk community, gained market share in recent weeks to become the highest grossing and most-active launchpad by issuances last month.