Pump’s valuation of $4bn itself it’s not that crazy if you compare it to other vaporware projects that are valued much higher. I think most people have an issue with them raising $1bn. If they could explain what the raised amount will be used for and allocate a decent amount of revenue to give back to tokenholders, it could be a good deal.
I’ve been trying to get a job in a crypto fund or something Iike that for months now without a sucess. You would think it would be easy for someone like me with a lot of followers but it’s not. Tough market out there..
The thing is any L2 could’ve replicated what Hyperliquid did, build one decent app that people want to use and distribute tokens to users. But no, they would rather angel invest and keep those tokens also to themselves, expecting the rest to be their exit liquidity..
It’s been a very good trading month for me. Did 10x on my trading account. Ideally I wait for the next opportunity like this to make another 10x. But no. I will trade chop to lose half of it.