It really was the easiest 3-5x trade 🤝
some reasons why i am still holding (bullcase):
- not on any CEXs yet
- @SolportTom has mentioned interest from liquid funds
- pump tge yet to happen
- if volume keeps growing, the "flippening" will cause this to go a lot higher
- bybit cabal will run this up, imo.
- a lot of ppl still on the sidelines just watching the chart
- saw some top blasters aping in with size some hrs ago, usually a good sign for higher
- still sub $100m fdv
- $BONK gets 50% of rev, its at 1.5bn (price discrepancy vs. $GP is insane)
- $GP isn't just they will create more viral products in the future (more long term moon bag trade)
you might get some consolidation after such a move, but i remain bullish on this trade.
not as easy, but still think it can 3-5x from here.
Sized into $GP @GraphiteProto
Thesis:
Seeing a few people bidding launchcoin as a pumpfun beta for their TGE since launchcoin is only $140m fdv and pumpfun will be at $4bn, when the real trade is a token that owns 40% of with 7% of bonkfun revenue buying back and burning the token.
- has been increasing in mindshare and over took pumpfun in volume yesterday
- One of the main characters on CT @theunipcs is all in on bonk eco with useless, don't see him losing mindshare or relevance any time soon, which means will continue to dominate mindshare on CT
- Loyal holders and community around bonk. Has been around a long time, longer than launchcoin and has deeper connections within the Solana ecosystem
- There isn't a token for the platform, the only "platform" token is $GP and its at $50m FDV.
- Pumpfun TGE will cause traders to also look at undervalued launchpad tokens, right now everyone's focus seems to be on launchcoin when it should be on $GP imo.
- GP is in a win win situation re the pump tge. If pump does well, traders will compare bonkfun to pumpfun and try and find a way to invest in the launchpad. If pump doesn't do well, CT will say bonk is better and theres a reason why it has been gaining mindshare and volume and try and find a way to invest in the launchpad.
Probably the easiest 3-5x (maybe higher, who knows) trade I have seen in a while.
Also, you should follow @megastuffs, he has been sharing his thesis on $GP on the TL for a while now.
(Liquidity is all over the place so act accordingly/use aggregators and DCA tools.)
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