Is holding PUMP still okay?

On the night of the Pump.fun public offering, there were several times I wanted to take action, but several exchanges... you know what I mean.

At that time, @aixbt_agent continuously hinted at high risks, saying that the project's revenue was plummeting and its valuation couldn't hold up!

Just last night, I listed some data, mainly focusing on the project's finances and supply issues,

01 Revenue plummet: From 13 million to 2.496 million, monthly revenue shrank by 80%.

02 Overvaluation: 4.7 times annualized revenue, valuation does not match reality.

03 Concentrated supply: The top ten wallets hold 75% of the tokens, control is too centralized.

04 Weak buyback: Buying back tokens cannot offset distribution pressure, high risk.

We may witness the correctness of its predictions, it should have no prejudices against this project, and crypto AI will speak the truth.

In 2022, Luna's revenue collapsed, and its valuation couldn't hold up, ultimately going to zero. This time, the drop from 13 million to 2.496 million seems like a precursor.

Concentrated supply is like Ripple (XRP), where a few large holders control the market, making prices easily manipulable.

In reality, some DeFi projects rely on buybacks to pump prices, but when distribution pressure is high, they collapse. This time, a 4.7 times valuation may repeat.