I originally didn't want to post this, but I feel bad for my friends who are following me if I don't.
The recent hot PUMP public sale is likely similar to Sanya teacher's coin issuance, peaking upon listing, trapping mostly new investors. Here are a few points I personally observe:
1. The peak period for Meme coins has already been replaced by Binance's Alpha
2. Even in the Meme coin market, Pump is no longer the leader, and its market share is shrinking
3. The ban on participation from the US and UK resembles Sanya teacher's coin issuance prohibiting Japanese participation, possibly due to fears of a significant drop leading to collective lawsuits
4. Valued at $4 billion, raising $600 million is estimated to be shocking; is it really worth $2 billion? Full circulation would just lead to a continual sell-off
5. There has been no public offering on top exchanges like Binance, only on second and third tier exchanges like bg, by, gt.
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