PUMP has already created miracles, isn't the lower price something everyone expected?
Perhaps only new investors might not know what a market value of 4 billion this year means in the crypto space. Aside from the $TRUMP launched by the understand king at the beginning of the year and the new king of on-chain derivatives $HYPE, there haven't been any new projects exceeding 5 billion.
It seems that this year’s big pie has reached a new high, indicating a great bull market, but in reality, it’s just BTC's bull market. The on-chain activity and capital volume haven't increased at all. $PUMP being able to hold at 5 billion for three days is already impressive, at least giving new investors a chance to escape.
Moreover, now that launch platforms are flooding the market, with #BONK surpassing its predecessors, the competitive environment is extremely harsh. Setting aside the bubble, the true market value of #PUMP is below 1 billion in the current market.
