I rarely trade contracts, but this time I have a relatively large position looking for a short on $BONK and I won't easily short $PUMP (no money taken back)

I respect the two Bonk founders; otherwise, I wouldn't have chosen to launch the first experiment of $QUICKY on Bonk. Although I didn't receive an official response, it still brought Sigma Labs a chance to test things out. I admit that I didn't fully consider the potential impact and I'm reflecting with the team. Everyone misunderstood @RealSigmaLabs's direction, but all of this will make sense when the official website is launched in a few days; you will understand what we are doing.

Back to BONK and PUMP, regarding the recent ridicule of Pump, I expressed a different view during my live stream yesterday.

Bonk's rebound is temporary, but from the video released by Pumpfun yesterday, the narrative was unexpectedly loud. In my value system, the imaginative space of the narrative determines the team's framework.

Moreover, the advantages of cash reserves and the helpless fuel (the short sellers) are just too many. I really can't imagine if selling out in a few days doesn't yield enough profit for a year, and then continuing to dump to give money to the shorts? Especially when there isn't much left.

I don't rule out a crazy price surge + new version update.

Those with clear eyes should take a look at the product strength of Pump's app; it's actually quite interesting.

As a long-term builder, I see the power of the [entry]. I have mentioned the power of entry in my marketing value system more than once; those interested can look it up.

Whether PUMP is overvalued, I don't know. In summary, in comparison, I find that the product strength of $BONK and the speculative development that has migrated over are unhealthy points.

And the crazy following and chasing highs by retail investors also makes me think that $BONK is even more overvalued...

Bonk has platform tokens and golden dogs, but PUMP doesn't.

But PUMP is about to issue a token, so I shorted it.

Official introduction from Binance:

BONK is the largest meme coin on Solana. Please note, it was created by an anonymous team.