If you’re investing in memecoins, imo the only attractive choices right now are $PENGU and $PUMP.
- $PENGU: Games like @PlayPudgyParty, utility across the @AbstractChain ecosystem, merch, toys, GIFs, social marketing, and major Web2 partnerships give it overwhelming mindshare. It’s arguably the most successfully established IP in Web3 today. As a pure narrative play, traditional valuation methods don’t apply, which also means the upside is wide open. $PENGU is the new $DOGE.
- $PUMP: Backed by high revenues, solid fundamentals, and an aggressive buyback strategy. It’s effectively a basket play on memecoins. It trades at a p/e ratio below 3, making it look significantly undervalued at current levels.
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