$PUMP has created a miracle, the break is not unexpected!
This year's market cap of 4 billion in the crypto space is considered high. Aside from the beginning of the year with $TRUMP and $HYPE, new projects are unlikely to exceed 5 billion.
The seemingly new high for BTC indicates a bull market, but on-chain activity and funding have not increased. $PUMP maintaining 5 billion for three days is already strong, providing an opportunity for new users to escape.
Now the launch platforms are rampant, #BONK has come from behind, and competition is fierce. Setting aside the bubble, the real market value of $PUMP may be less than 1 billion.
