Pump fun Co-Founder: Pump Foundation Treasury Assets Near $2 Billion

Pump fun co-founder Noah Tweedale said in an interview with Crypto Insider that the Pump Foundation currently holds treasury assets of nearly $2 billion. The funds are held by the foundation and are independent of UK development company Baton Corporation; the latter is responsible for Pump fun's development work, receiving approximately $100 million annually to cover development, technology, and other operational costs. The foundation's funds primarily come from public offerings and platform revenue, with the treasury not allocated in SOL, and assets mainly held in stablecoins or other forms.