The new platforms on SOL are now about taking turns to pump prices, mutually draining liquidity, and vying for attention.

Yesterday, we saw products like the Golden Dog $PCULE and $KLED on several Launchcoins, today it's the IP and cultural Golden Dog $CRYBB and $USELESS on Bonk, as well as the rapid scheme $VERSE from Pump.

Will the situation of competing voices among Believe, Bonk, and Pump be ended by Pump issuing tokens? This is a question I haven't quite figured out.

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

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

It seems that the funds and buying sources for these new platforms' pumps and those who are willing to buy Pump are not entirely the same group? Just like how the plasma absorption had no impact on the overall market.