LAUNCHPAD price

"Many of the most beaten-up tokens YTD jumped the most last week."

Using market share and trading volume to estimate Launchpad is actually not wrong, but you can't just look at this part. Although Believe has only a 4.5% market share within 24 hours, its market value should be more than that. I still prefer to use milk as an example: Whole milk: a stable commodity for household consumption, raw material processing, etc. Yogurt: a high-margin growth product, layered with functional narratives, meal replacements, probiotics, etc. Pump fun is like whole milk; Pump fun provides the most basic token issuance service, with a low threshold, and a large number of new tokens are issued every minute, with a short shelf life. The lifecycle of most memes issued is only a few hours. On the other hand, Believe @believeapp is like yogurt. Yogurt's sales cannot compare to whole milk, but it has more product-level narratives, higher gross margins, and repeat purchases. The lifecycle of ecological projects is also significantly longer than that of meme projects. If Pump fun is an opportunistic narrative, its story is about fair launches, lottery culture, getting rich overnight, and opportunities in chaos. Its valuation depends on how many people in the market believe in and are willing to participate in this gold rush. Then Believe is an innovative narrative. Its story is about the developer economy, permissionless financing, disrupting VCs, and app stores. Its valuation depends on how many people in the market believe that this new paradigm, ICM, can truly incubate valuable applications. The valuation of a Launchpad cannot only look at ecological transaction volume, just as a dairy company cannot only look at sales. It also needs to consider: 1) Whether the platform token captures the value of the Launchpad 2) Whether the narrative can support a premium 3) The depth of the moat and the sustainability of the ecosystem So moving forward, Believe will only focus on two points: 1) When will #Launchcoin empower, and when will Believe @pasternak have the flywheel? 2) Can the ecological fund that Believe just invested in bring interesting projects and attract more quality developers?

Let's review the public offering: After posting the video saying I wouldn't participate, I indeed didn't, but it was because I couldn't get in. The pre-market contract prices kept dropping, so I guessed they might stabilize the contracts to pump the spot market; plus, with 0xsun and overseas big players actively participating, I decided to join in. However, I didn't expect Bybit/Gate to really mess it up. They couldn't even handle a public offering, and I couldn't get in at all on the mobile app, so I gave up and went long on Pump, made a quick profit, and left. In the previous video, I didn't make a definitive statement (see the picture), if the hype is high, I would participate. This shows that money is not lacking; when the sentiment rises, they focus on supplying one or two coins. Now, let's synchronize the operations: - Pump contract OI is too high, long and short are in a stalemate, continue to wait for direction; - I went long on Bonk and launchcoin, bullish on the on-chain sentiment recovery; Market plans can't keep up with changes, and I will provide more timely updates on operations in the future.

back to the desk (kind of), still long the same spot bags ( $HYPE $BTC Fartcoin ) and have active positions in $PUMP $LAUNCH right now on perps + spot launch. should be wild to see with pump fun today, lets see how the market prices it.