took a big L when $PUMP first launched.
was leverage trading during that initial period of volatility and got caught in the shakeout.
not going to sugarcoat it, it was tough knowing greed was getting the best of me.
instead of walking away, i decided to double down, switch to spot, and start buying consistently through every dip and pump.
(60/40 between pump and sol now)
im confident because pumpfun has been relentlessly buying back. over the past month, it’s been averaging $1.5-1.6 million USD in daily buybacks.
roughly $50 million a month, or $600 million annually, which, when you compare it to supply and market cap, is diabolical.
@trmachine888 pointed out something interesting:
everyone’s talking about how $Hype is doing $5 million in daily buybacks, which sounds huge.
so hype has a $13 billion market cap, even with that size of a daily buyback, it’s not keeping pace proportionally.
If hype wanted to match the same buyback intensity as pump in terms of supply impact, it would need to do something closer to $20 million a day.
currently, pump is executing buybacks 4x more aggressive than hype, relative to size.
pumps buybacks are denominated in SOL, which is a key factor people are overlooking. as solana treasuries and infrastructure mature, this setup will become increasingly valuable
there’s really no other token operating at this level of structural support at this market cap
interesting to see $PUMP having more 24hr revenue than Axiom and $HYPE
bullish for the entire ecosystem and the token itself, 100% revenue buybacks will create the ultimate flywheel.
$BONK (bonkfun) is pretty much non existent in terms of market share and revenue, would be watching their next move carefully, expecting some crime on some of their “organic” coins
some good traders are taking a chance on $LIGHT but I'm yet to do my own research on their launchpad/vision, so can’t comment
I've swapped all my $SOL to $PUMP and continue to accumulate profits there for a clean 5-10x over time.
have a look at the coins valued higher than pump and try to make a pros/cons list as to why they are valued higher, you can look at fundamentals and stuff to figure that out, eventually realizing how mispriced pumpfun is in comparison to the barely relevant alts above it
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