Pump is about to launch tokens! Is it bullish or bearish?
Undoubtedly... bearish.
The current situation is that Pump wants to launch tokens, Sol's liquidity is declining, and funds are starting to seek safety by entering Bsc, all rushing to Alpha.
And the biggest narrative in Bsc right now is USD1, remember this, it will be on the test.
However, today's main character is not the USD1 track, this is a relatively hot narrative recently, whether to participate in this is something I don’t need to say, right? Today, let’s talk about Pump launching tokens.
The current market is criticizing Pump as a 'tumor'. Pump is raising funds with a valuation of 5 billion USD, doesn't it resemble Blur from back then? The position of the second leader in the NFT platform, and launching tokens later, NFT can also be viewed as a doomsday vehicle.
Originally, the news of Pump launching tokens came out in January this year, why wait until now to launch? Because at that time, damn $Trump came out and directly squeezed the market liquidity dry.
Why is Pump launching tokens? Purely for profit! Pump is purely money-driven, taking out the earnings.
Then the question arises, why would Pump choose this time to launch tokens?
Friends who only trade spot may not have noticed, but we are clear about the rush for 'shitcoins'; recently, platforms like Bonk_Fun, Believe, Boopdotfun have all emerged in a flurry. 'They all come to encircle Pump.'
The key point is that Sol itself is also not fond of Pump! Although Pump's launch volume still firmly ranks first, the situation can still be understood; the officials are already getting involved, and you still don’t take the opportunity to do a 'final dance'?
In summary: Pump is thinking about making a big final haul! To do a 'final settlement' for the accumulation of these years and user accumulation.
What I'm more concerned about is where the funds will choose to go? Bsc? Base? ETH? Rush to Alpha? Or Believe?
These past few days, Sol has really been hard to play; has anyone noticed that the previous logic was roughly like this:
Kols shout first—speculators pump—reach a certain scale—list on exchanges—dump.
But now it has turned into a situation where a large number of front-runners are buying at the bottom, destroying the structure; the main force looks at the pumping being weak and ultimately has to helplessly abandon the market.
Who is suffering among this? It’s just the retail investors following to take over, becoming the liquidity for the big players.
Believe is a good example. If we follow the previous storyline, it should have launched on exchanges long ago. Long height control, the main force obviously has the intention to pump, and at that time, the consensus was also very good, everyone was optimistic that it would take down Pump; the market cap even reached 300M, but in the end, no exchange was willing to take it, as disadvantages appeared, and with a bunch of losing retail investors and Kols starting to criticize, it ultimately faced a slow death.