Pump fun co-founder reveals foundation assets approach $2 billion, held in stablecoins and other assets excluding SOL.
Pump fun co-founder Noah Tweedale disclosed that the Pump Foundation’s treasury assets have reached nearly $2 billion. The funds, separate from the UK-based Baton Corporation, stem from the foundation’s initial coin offering and platform revenue.
Baton Corporation, which develops Pump fun, receives about $100 million annually for operational costs. The foundation’s holdings exclude SOL and consist primarily of stablecoins and other assets.
The disclosure comes as the foundation maintains independence from the development entity, focusing on treasury management and platform growth.