Pump.fun Unveils $3M Build in Public Hackathon

Unlike traditional hackathons, BiP hands the power to the market. Projects are judged by user attention, token traction, and real-world shipping rather than VC panels. The structure encourages transparency, quick execution, and public documentation.

$3M in Prizes, But Only for Those Who Ship

The prize pool totals $3 million. The top 12 teams will each receive $250,000 in funding, valuing their projects at $10 million. Beyond capital, Pump Fund also offers mentorship from the founding team – Alon Cohen, Noah Tweedale, and Dylan Kerler.

Participants must launch a token on Pump.fun, build a functioning product, and document their journey in public. The emphasis is on proof, not promises. Livestreams and X updates are encouraged. Though there’s no hard deadline, the team teased a “HUGE month,” suggesting intense activity over the coming weeks.

To be eligible, teams must also acquire 10% of their token’s supply to show alignment. Projects can range from solo hackers to fully formed teams, even existing startups planning to expand.

Not Just a Prize: A Funding Engine

This isn’t Pump.fun’s first hackathon, but it’s the most ambitious. Previous efforts, including co-sponsorships and community-run events, maxed out at $185,000. The BiP Hackathon’s $3M scale dwarfs them all. Competitors like LetsBONK have hosted $200K events, but this one is seen as a new benchmark.

Importantly, this hackathon positions Pump.fun as a funding mechanism rather than a one-time event. Token markets, not judges, determine momentum. Pump Fund then backs winners based on market traction, making this a new kind of on-chain accelerator.

Standout Projects Gaining Early Buzz

Several teams have already launched tokens and started building. Notables include:

• PumpCord: A tool for token-gated community chats and spam-free wallets.
• Plastic: Channels fees into ocean cleanup and biodiversity efforts.
• Pumpball: A memecoin-meets-lottery game inspired by Powerball mechanics.
• CollabraChain: Autonomous agents protocol; a past Coinbase hackathon winner.
• MIA and PURCH: AI-focused apps with market caps already in the millions.
• $RALPH: A community-driven meme token with vocal dev engagement.

More entries are rolling in. Tools like Pump Portal and gudtek are making noise, while users debate the sustainability of $10M valuations for early-stage projects.

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A Bigger Bet on the Ecosystem

Pump.fun has seen over $600M in revenue since 2024, despite setbacks like a $2M exploit and account hacks. Its July 2025 $PUMP token sale raised over $500M in minutes, and the team now aims to evolve Pump.fun into a full-stack platform, think memecoins plus YouTube, Twitch, and Discord rolled into one.

With the BiP Hackathon, the team is betting big on builders.

What To Watch For Next?

Looking ahead, focus on how many BiP hackathon teams actually deliver working products instead of just launching tokens. As these projects roll out, closely monitor token liquidity and early trading patterns, since market-driven judging tends to reward hype just as much as substance.

Moreover, observe how actively Pump Fund supports winners beyond cutting the initial checks – mentorship and long-term backing will be key. At the same time, public development increases risks, so keep an eye on potential exploits or copycat projects. Ultimately, the real test will be whether this model attracts committed builders over time or simply fuels short-term speculation, which will directly influence Pump.fun’s broader credibility.