Billionaire Tim Draper Brings DraperTV to Pump Fun with DTV Token

Summary

• Tim Draper, early Bitcoin investor and billionaire VC, connected his existing DraperTV streaming project to pump fun.

• On October 17, he posted that DraperTV is now live streaming on pump fun as part of an experiment to promote the creator economy.

• The official DTV token was created on October 9 and stayed under $40K market cap for nearly a week.

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On October 9, the DTV token was launched on pump fun with little activity, hovering around a $40K market cap for several days. Interest increased after posts on October 17 and 18 confirmed that the project was legitimate and tied to billionaire investor Tim Draper.

Draper, known for buying 30,000 bitcoins at a U.S. Marshals auction in 2014 and backing Twitch early on, announced that his existing entrepreneurship-focused streaming platform DraperTV is now live streaming on pump fun. He called it an "experiment" to support the creator economy.

DraperTV features content on startups, crypto, Web3, and shows like "Meet the Drapers," a pitch competition offering million-dollar investments.

Early observers like @alohquant confirmed the token was not a scam or hack.

Crypto influencers including @CryptoGodJohn, @dylansdegens, and @cryptojamie7 also posted about DTV, with some noting it as the first pump fun token launched by a billionaire.

On October 18, DTV saw a sudden surge of over 1,000%, reaching a $20M market cap. The cause of the sharp move remains unclear.