In short, the conclusion is that $BONK currently has a great opportunity to flip $PUMP in terms of data, market sentiment, and legitimacy (ecological aspect) 💥
Actually, ever since the issuance of $PUMP, I've been telling my friends that it's a great target for long and short against $BONK, but unfortunately, it still flopped!
On the other hand, I underestimated $BONK's ability to stand out this time.
Now, @bonk_fun's market share has already started to crush @pumpdotfun.
Just look at the orange area in the chart, it's been number one since early July.
Additionally, @moonshot being in the top 3 is quite surprising.
I still remember when $BONK was the first to launch during the first wave of the Solana Meme craze, this time, the Chinese-speaking community has accurately captured it with @Ed_x0101 and @CryptoDevinL.
Currently, the FDV of BONK and PUMP are:
$BONK: 3.3B
$PUMP: 5.3B
Let's observe how the data changes weekly.
@theunipcs
FDV breaks through $3 billion! The Shiba Inu $bonk, which has risen over 80% in 10 days, how much further can it go?
About ten days ago, on July 7, we noticed that @bonk_fun's market share surpassed @umpdotfun. At that time, the price of $bonk was around 0.0(4)22, with a market cap of $1.7 billion. Now it is close to 0.0(4)4, with a market cap of $3 billion, experiencing a significant rise in a short period and becoming a focal point in the market besides $ETH.
How much more growth potential does $Bonk have? We evaluate it using the following three methods:
1️⃣ Horizontal comparison with @pumpdotfun
2️⃣ Buyback strength & P/S Ratio (market cap to revenue ratio)
3️⃣ Wealth creation effect
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