Pump.Fun (PUMP)

$+ (CA BxVHLVaDaFAVtuuEsqUr5s12R4Nn5KxM8XB2uk4Fpump) doesn't have snipers and insiders per devsnightmare. Lamar, qtdegen, didnotbuy, cryptobaldwinIV are top holders. No major clusters on the bubblemap. CEX map cluster has 57.8%. Binance funded wallets have 20.9%, Coinbase 21.2%, Mexc 2.8%, Change Now 0.7%, Bybit 4%. Top 70 holders have 59.7%, top 10 have 19.2%, 1.21k holders with an average bag at $145. Nfa

Some thoughts on @Pumpfun and $PUMP: 1. They generated $74.3M in fees over the last 30 days. Annualized, that's ~$905M. They're trading at a mcap of $538M. The P/F ratio is 0.60x. You are paying 60 cents to own one dollar of annual fee generation. Revenue margin is 42.7%. Pump keeps nearly half of everything it touches. I am not sure there is another crypto business with these types of metrics right now. 2. Fees grew 8.8% over the last 30 days. Meanwhile, the token fell 17.4% over the same timeframe. The market is pricing a growing business as if it's contracting. Typically, when you see a fee accelerating into a price decline, the price is usually the one that's wrong. 3. One bear case to watch: only 40% of the total supply is circulating, with an FDV of $1.32B ~ 2.46x the market cap. The counterargument is that the fully diluted math still holds: ~$905M annualized fees against $1.32B FDV is a sub-1.5x P/F on full dilution. If the business sustains its run rate, the supply schedule is technically priced in. Pump is the speculative layer of attention on Solana. Every new narrative, every rotation, every meme that catches fire allows Pump to take its cut first. The TAM is human nature to speculate. There is no off switch for that. I think if you believe in speculation and bull conditions returning to the markets, $PUMP is starting to look very enticing at these levels.

C'est officiel, $PUMP n'a plus de support technique. Inverse Price Discovery https://t.co/2oriSUaG66

Rep posted a full thread for AE about PumpFun 👇🏻 📌 What irritates many people about Pumpfun is not only the sheer number of meme coins created each day, but also the way the project continuously materializes profit. Since its boom, this PumpF has generated over $1B in revenue from trading fees (a massive contributor to SOL's revenue over time). However, at many stages, the wallet associated with the project has repeatedly moved large amounts of $SOL to exchanges to sell and lock in profit (the amount is enormous). In addition, the project raised about $1.3 billion from the $PUMP token sale. While the team and treasury collected hundreds of millions of dollars, users did not receive the large airdrop they initially expected (see the picture below). And the result is: • The team collects fees from each token created. • The team collects fees from trades. • The team sells most of the SOL it has gathered on the market. • The team raises additional funds from the PUMP token. Most meme‑coin traders are still competing with each other, like a never‑ending game. That is why many call Pumpfun one of the most effective “liquidity‑draining” models of this cycle.

The Pump Fun token just made all time lows and they still owe us an airdrop from last July https://t.co/2o7WWwkw1J

$PUMP update: Not in a buy zone, but it's showing serious strength with an insane bullish divergence. https://t.co/51LKOAe8X5

$PUMP update: Not in a buy zone, but it's showing serious strength with an insane bullish divergence. I'm so tempted to swap my $CSPR bag into it. If the supply and market cap weren't so large, I probably already would have. But the narrative, buy backs, and attached to $SOL... The price is definitely attractive, and I could almost double my bag compared to where I am now. I honestly think $PUMP will outperform Casper. I know I'll probably regret not doing it. Part of me feels like passing on this could end up being one of my biggest investing mistakes... right up there with buying Casper in the first place. I'll probably end up watching $PUMP take off while Casper is still trying to claw its way out of the grave. Maybe I should just swap the difference. Sorry... just thinking out loud.

pumpfun has 6x higher daily buybacks than lighter yet both somehow trade at the same fdv https://t.co/s47QQ8dlCh