Pump.fun Establishes ‘Glass Full Foundation’ to Support Solana Memecoins Amid Revenue Decline

Solana-based memecoin launchpad Pump.fun has launched the Glass Full Foundation (GFF) — a new liquidity initiative aimed at backing select tokens within its ecosystem, as platform revenues continue to decline from their early-year peak.

In a statement, Pump.fun said the Glass Full Foundation would “inject significant liquidity into ecosystem tokens to support our most diehard cults,” though it did not specify how projects would be chosen or where the funds would originate. Early liquidity injections have already been deployed, with additional rounds expected, the team noted in posts on X.

At the top of the Pump.fun ecosystem sits Fartcoin (FART), which currently holds a market cap exceeding $1 billion. Following closely is Peanut the Squirrel, a token inspired by a once-viral Instagram pet that drew widespread attention after its controversial euthanasia — now boasting a $253 million valuation.

The move to launch GFF comes as Pump.fun’s daily revenue has plummeted — falling from over $7 million per day in January at the height of the memecoin boom to approximately $200,000 earlier this month, according to on-chain metrics.

Meanwhile, competitor LetsBonk.fun, affiliated with the Bonk memecoin community, has gained ground, emerging as the most active and highest-earning Solana launchpad by token issuances in recent weeks.