Pump fun co-created: Pump Foundation's treasury assets are close to $2 billion

Comparing news, Noah Tweedale, co-founder of Pump Fun, said in an interview with Crypto Insider that the Pump Foundation currently holds close to $2 billion in treasury assets. The relevant funds are held by the Foundation and are independent of the British development company Baton Corporation; the latter is responsible for the development of Pump Fun and collects approximately $100 million a year to cover development, technology, and other operating costs. The foundation's funding mainly comes from public offerings and platform revenue. The treasury is not allocated SOL, and assets are mainly held in stablecoins or other forms.