Let me explain why $PUMP will outperform $HYPE and why @blknoiz06 will go back to shilling pump and sol.
Currently sentiment around Sol and pump is horrible. However Pump has been buying back constantly this month 1.5m USD a day. That’s around 50m a month or 600m a year which is around half the supply.
Hype is doing like 5m buybacks a day. Marketcap of hype is 13b while Pump is 1b so for it to have the same effect and Hype buying back half the supply it would have to do more like 20m buybacks a day to reach 600m a month.
So Pump is buying back 4x faster than hype on a much smaller marketcap.
Also the Buyback for Pump is denominated in Solana. Now that Solana treasuries exist it will reprice and sentiment turns around. So we could see next weeks 2-3m buybacks a day. There is just no better number.
And finally for people saying the trenches are extracting and it’s hard to win. Yeah most people lose money. But the PNL of traders on HL is down only.
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