The new platforms on SOL are now taking turns to pump, draining each other, and grabbing attention.

Yesterday it was the products on several Launchcoins, Golden Dog $PCULE $KLED, today it's the IP and cultural Golden Dog $CRYBB $USELESS on Bonk, as well as the speedrun conspiracy plate $VERSE for Pump.

Will the contention among Believe, Bonk, and Pump be ended by Pump issuing tokens? This is something I haven't quite figured out.

- Objectively, Pump will drain liquidity and affect the expectations of some new platforms competing (generally speaking, issuing tokens is the endpoint);

- Subjectively, it feels like there aren't that many retail investors in the market ready to take over Pump, and a higher valuation for Pump means that the valuation ceiling for other new platforms also rises.

The funds and buying sources for these new platforms seem not to be entirely the same group as those who would buy Pump? Just like how plasma storage after absorption has no impact on the overall market.