Is PUMP token issuance a chance for wealth or a crisis in the crypto world? Yesterday, ZhiMaKaiMen leaked the presale information, and today, BitEagle is here to help you see clearly: can you get in on this? 【Presale Details Overview】 Presale Platform: ZhiMa Presale Price: $0.004 Presale Time: July 12, 22:00 ~ July 15, 22:00 Presale Amount: $600 million, corresponding to 15% of the total token supply, with a fully diluted market cap of $4 billion. 【Should you go for it?】 (1) From a market cap perspective, the risk is quite high. A valuation of $4 billion is really not cheap; currently, HYPE's fully diluted market cap is also $4 billion, and HYPE earns $2 million daily, most of which is used for HYPE buybacks. Moreover, the function of the PUMP token has not yet been announced, and its current daily revenue is only $900,000. (2) From the perspective of market share decline, the risk is significant. Currently, the SOL Meme market is no longer dominated by PUMP; BonkFUN is launching 20,000 Memecoins daily, while PUMP is only releasing over 9,000 Memecoins per day, and BonkFUN's revenue has exceeded $1 million, surpassing PUMP. In summary, everyone is currently frustrated with the PUMP platform, which collects money but does not deliver results. Looking at it long-term, I am not optimistic about PUMP's development, but considering the high hype, whether to participate should depend on the token's utility and market cap. 【What impact will this presale bring?】 (1) The market may be drained of $600 million, and other altcoins may suffer. (2) As competitors, projects like BONK and BONKFUN can be monitored, as they may take advantage of this situation to pump their prices.