The trenches are quite good, and the largest investor in pumpfun is a well-known brand just before the release of the tokens. The live broadcast is also a direction that pumpfun plans to promote in the future. It’s quite obvious that there is an intention to push trenches towards the bankless direction of Solana. There have been signs of accumulation around 1.5 million, and the second phase has also started these past few days.

The only thing that makes me hesitant is that the few friends I know in the industry together hold no less than 10% of the chips, which makes me feel that the control over the chips is not particularly tight (could it also be an information bubble?). If this can really take off, it really depends on strong institutions and market liquidity, so it’s worth paying attention to.