Pump.fun The "PVP New Trench" made by investors has increased 200 times in 6 hours

Written by: BUBBLE, Zhouzhou,BlockBeats

In the early hours of this morning, a token named "Trenches" entered the market's field of vision, and after 9 days of silence in Pumpfun, it was successfully "launched" today, and exceeded the market value of $7 million in 2 hours, and then broke through the market value of $10 million all the way, and is now quoted at $7.5 million. "Trenches" is not a new concept in the Solana community, and as the native word has become more popular in Degen, the culture that "trenches" represents has taken hold. So what's different about this "new trench"?

What is Live Trenches Trenches?

Trenches is a brand new live streaming platform project that delves into and reviews the top products in the crypto industry through pump streaming. The first livestream will air at 4 p.m. ET, corresponding to 4 a.m. EDT on May 29. The livestream featured a number of heavyweight guests, including @jnwng, Drift co-founders @cindyleowtt and @NaytheForceBwU, among others. Trenches is developed by Crypto Carl (@CarlKVogel), whose livestreaming platform, 6MV, has raised $140 million.

All-Star Endorsement Lineup, Dev Is Pumpfun Investor?

Trenches founder Carl is a dual master's degree from Harvard Business School + MIT, a former product manager at Google, and now a partner at 6th Man Ventures (6MV), where he has bet on projects such as io.net, Magic Eden, Gelato Network, and more.

According to Twitter user @timotimo007, Carl is considered one of Pumpfun's "biggest investors", and although he hasn't made a real hammer, 6MV has been retweeting Pumpfun's content frequently lately.

Carl himself recently revealed on Twitter that he was launching Trenches' live streaming experiments. He said that he hopes to let more people understand the technical logic behind it by broadcasting the products of "learning while playing". In addition, Pumpfun previously suspended the live broadcast function due to compliance issues, and Trenches is now suddenly live streaming, which is regarded by many people as a warm-up for Pump's live broadcast "comeback" in advance.

According to @Adel_Lynn_'s analysis on Twitter, Trenches had a suspected Carl's address quietly bought it at a price of $163 on May 19 (9 days before the launch), and the current profit has reached $300,000, speculating that there may be some premeditation and financial operation behind the project.

On-chain data further indicates that Trenches has "banker attributes" and has undergone multiple reversal washes, with a current market capitalization fluctuating around $7.5 million. Adel is bullish on Trenches, even saying that its market cap "could exceed $15 million", first because of the project's narrative potential, combined with the dual blessings of Pump live streaming and the inner circle platform, and the potential for live streaming to bring new attention and buying, especially after the live stream at 4 p.m. ET. However, Adel also reminded Carl that he had publicly stated that Trenches was an "experiment" and advised investors to be patient and wait for the pullback.

Overall, Trenches is more likely to be an important attempt at Pumpfun's live streaming ecosystem, with Carl Vogel's industry background, 6MV financial support, and innovative live storytelling, Trenches has shown great potential in the short term.

However, the "experimental" nature of the project also brings uncertainty, if you are optimistic about the future development of Pump Live and the platform effect of the inner circle bosses, you can pay attention to the market performance after the live broadcast, but can Trenches become a "new trench" to promote the further development of the Pump live broadcast ecosystem? Let's wait and see.