Pump.fun launches Spotlight, a utility token-backed program.
According to CoinWorld.com, on November 1st, Pump.fun announced the launch of its "Spotlight" utility token support program. This program aims to help utility tokens without meme attributes gain more attention and liquidity to support startups and projects. Pump.fun stated that the program will screen teams whose tokens have practical value within the ecosystem and are integrated into the company's long-term strategy, and will help these teams develop issuance plans. Applications for the Spotlight program are currently open.