The obvious trade was the obvious trade.
Turns out the project doing more revenue and buybacks than Hyperliquid at 10x lower valuations was a good buy.
It’s clear Alon is going for the jugular on every vertical and the end goal looks to be turning Pump into the everything app.
Memes + CTO’s
Real products/businesses (creator fees)
Streamers
The CCM business model is much better than I initially thought. We’ve got the memes, infrastructure and now real businesses coming onchain.
There’s enough stablecoins in our industry to send the total mcap 3x higher. All we’re missing is eyeballs and animal spirits.
Streamers are and have been the hottest social trend for the last few years and they’re only growing. As more external viewers come onto the platform, each one serves as a potential conversion.
And streamers are heavily inclined to move over as $1 mil in trading volume = $9k in fees if they’re to launch their own token. Compare this to how hard it is to get a $100 donation off someone on Twitch.
If there’s ever been a time for onchain to have it’s moment, the next month or two couldn’t have a better backdrop.
Pump and it’s eco feel like the obvious trade here.
- 10 mil in buybacks this week (99% of revenue), almost 50% of hyperliquids revenue and buy backs at 15x lower FDV
- Shown it’s the clear kingmaker launchpad
- Sol breaking into a new range and SOL/ETH looking bottomed
- Dovish macro conditions for the next month
Price is being suppressed due to daily active DEX traders being the lowest it’s been in over a year.
Everyone discounts how easy it is to reignite animal spirits with a few runners, study Oct 2024.
You only need one coin to spark everyone’s imagination again.
$PUMP
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