Day 2 after listing, $PUMP token chilling at around $6bn mkt cap (~+50% of ICO)
Congrats to those who purchased
Now the Revenue Multiple is around 15.6x
I think there is still upside, after $BTC recovers and early flippers finish selling
Is it just me, or does @pumpdotfun $PUMP token seem reasonably priced compared to other protocols such as $JUP $AAVE $HYPE $BONK ?
Can someone check my calculations?
The only thing I could think of is to create lots of liquidity + setting base price, as $PUMP is selling 15% supply for $600mn.
In other tokens, a $600mn net buy at $3bn mkt cap would've caused the Mkt Cap to skyrocket to astronomical levels.
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