(5/11) $HYPE vs. Crypto Tokens -- How does $HYPE compare to other tokens in crypto? Well, it's not really even relevant to look at since the comparisons are so abysmal. The only other tokens that we could compare to are $BONK, $GP, and $PUMP, as memecoin launchpads are the only other product in crypto with strong PMF and cash flow generation. Yes, there are DeFi protocols and yes, $SOL makes some money, but the multiples are not even worth looking at as they are 80+ so it's not really relevant. For the launchpads, here are some comparisons. I have positions in $BONK and $GP, which I believe are the only 2 tokens in crypto outside of $HYPE that are undervalued and trade at attractive multiples. Maybe I will do a separate thread on these, as I just got a lot of new information this morning on tokenomics / cash flow for both. $PUMP I had longed but cut my position. I think they are losing this war and honestly deserve it. I always thought their business model was ripe for disruption with little MOAT and I am glad a non-extractive team like BONK is beginning to win the memecoin war (all metrics are suggesting this is the case).