PUMP is really good at deceiving people. Right from the start, they want to raise 1 billion USD in a primary crowdfunding, which sounds ridiculous. If this 1 billion is only 30% of the total amount, then the valuation of the entire project starts at over 3 billion USD.
If they then come up with some manipulative operations to double or triple it, it would shoot up to a market cap of over 10 billion USD, right? The problem is that this project itself has nothing solid to back it up; it relies entirely on hype to attract people. To put it bluntly, it’s one of the top air coins in the crypto world, and it even has to take half the blame for Solana's recent weakness.
In contrast, BONK has a market cap of less than 2 billion, but the project can already make money on its own, clearly outperforming PUMP by miles. Even if we estimate it by the same standards, BONK should be worth at least 4 billion to be reasonable.
These days, every presale is just a way to scam the first wave of money! Buying into PUMP's presale is not as good as buying the already established BONK; just don’t be fooled.