$PUMP Token issuance, is it an opportunity for wealth or a crisis in the crypto world?
Yesterday, Zhimaz leaked the presale information of Pump.FUN
Today, Old Jin will help you see clearly: Can you get on board or not?
【Presale Details Overview】
Presale Platform: Zhimaz
Presale Price: 0.004 USD
Presale Time: July 12th 22:00 ~ July 15th 22:00
Presale Amount: 600 million USD, corresponding to 15% of the total token supply
Fully Circulating Market Value: 4 billion USD
【Can we go in?】
(1) From the perspective of market value, the risk is quite high
A valuation of 4 billion USD is really not cheap, currently the fully circulating value of HYPE is also 4 billion USD
Moreover, HYPE earns 2 million USD daily, most of which is used for repurchasing HYPE
And the function of the PUMP token has not yet been announced, and current daily revenue is only 900,000 USD
(2) From the perspective of market share decline, the risk is considerable
Currently, the SOL Meme market is no longer dominated by PUMP
BonkFUN is currently launching 20,000 Memecoins daily
PUMP only releases over 9,000 Memecoins daily
And BonkFUN's revenue has reached over 1 million USD, surpassing PUMP
In summary, everyone is currently annoyed with the Pump platform, charging money but not doing real work
In the long term, I am not optimistic about the development of PUMP
But considering the high hype, whether or not to participate should be based on token empowerment and circulating market value
【What effects will this presale bring?】
(1) The market may be drained of 600 million USD, which may cause other altcoins to bleed.
(2) As competitors, projects like $BONK and BONKFUN can be monitored, as they may pull up and stir things during this time
