Pump Fun Joint Creation: Pump Foundation's treasury assets are close to 2 billion USD

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