I have a premonition that as the price of $PUMP is likely to free fall over time, it is also highly probable that @pumpdotfun's leading position will be replaced.
From a human perspective, after pocketing 600 million dollars, will @a1lon9, who is already flaunting yachts and champagne, continue to be filled with the fighting spirit to build?
If he really managed to pull off some tricks in the past few days, showing the unique shrewdness of the Jewish people, I would indeed look forward to it. But unfortunately, that wasn't the case; the only thing he stirred up was to leave the cooperating CEXs in chaos.
The various scenarios that everyone predicted, such as $PUMP's explosive hedging, did not play out. With the issuance of the token and the arbitrage closing, $PUMP has even less motivation to stir up at the high valuation of 5.5 billion.
At the same time, the platform @bonk_fun, which was once thought to be a big leech, continues to maintain its strength. Not only is the price of $Bonk robust, but the platform token is also strong. The two core figures, @theunipcs and @SolportTom, have received strong responses to their calls to the community at noon, forming a stark contrast to @a1lon9's arrogance.
Adding to this, with rumors circulating in the past few days that @bonk_inu may collaborate with @worldlibertyfi, I increasingly feel that it is highly probable that @bonk_fun will replace pumpfun in the future.
Still, that said, pumpfun did indeed create a new era of Solana meme launches, but it also ruthlessly harvested over 700 million dollars (cumulative revenue + token issuance) from this innovation, and it continues to do so.
It is not irreplaceable; constantly dumping $Sol and openly stating that token issuance will not be used for building, along with the founder's various outrageous remarks, are the reasons for its poor public image.
Those who gain the way have more help, while those who lose it have little. I went from expecting someone like Chen Sheng and Wu Guang to rise up to now seeing bonk surpassing in market share, all in just about three months.
Although we cannot say that the Qin has lost its deer yet, the various platforms are clearly capturing an increasingly larger share.
Even @boopdotfun, which many thought was already failing, has come out today with a 10M token $fumble, hoping to make a comeback.
let's see...