Why I bought a lot of $PUMP yesterday and am looking to buy more:
1. $637m annualized revenue vs. $4.5b FDV → ratio ~7. Best revenue/valuation ratio in the market.
2. Hyperliquid has $1.3b revenue vs. $45b FDV → ratio 34. $PUMP is massively cheaper.
3. Revenue has been climbing fast since the August low, with 100% used for buybacks.
4. Treasury in the high hundreds of millions, giving them a deep war chest.
5. No unlocks, presale sell pressure fully absorbed, and the buyback flywheel in place.
6. A strong team that built the memecoin launchpad and psyopsed presalers into dumping so the chart could run.
Market conditions are favorable with potential rate cuts ahead. I think PumpFun could be a top performer in this period.
Expect some volatility around NFP and CPI next week.
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