For a very long time, the launch of Mimikoin was costly and complicated for the Mediterranean. Pump.fun, a Solana-based launch platform, has redefined this narration-which allows anyone to launch Mimikoin in seconds.
Pump.fun’s vision extends to a social trading platform, with $ POMP as its main symbol. TGE’s distinctive symbol event has been raised to $ $ ~500 million dollars in 12 minutes for a fully reduced evaluation of $ 4 billion (125 billion pump at $ 0.004 each).
the The $ CBC is now officially listed on the main stock exchanges – Including bitmex, bince, bybit, kaken, kucoin, gate.io, etc. – via both immediate and permanent contracts. The open interest of PERP contracts is currently fixed about 750 million dollars, which makes it ranked eleventh in the market.
Some call it suitable for merchants. Others call it just the exit liquidity. Let’s discover the effects of launch.
“Amazing” strength in financing rates and prices
PUMP price is much higher than ICO’s rating in trading sessions. When inserting, I opened it around 0.0056 dollars – About 40 % higher than the ICO price – for a short period Up to ~ 0.0065 dollarsThen I pulled again and settled near $ 0.0056 at the time of writing this report.
Here is where things are very enjoyable – the unique symbol financing rates and the immediate price are still flexible. Initially many expected heavy sale pressure in the aftermath of ICO, given the increase in the premiums of the distinguished code of $ 500 million, and its large trading float (about 17 % is not closed immediately), and the fact that the first investors were already sitting on almost immediate gain 50 % From the ICO entry price of $ 0.004.
Usually there are conditions such as $ Pump – big buoys and quick profits – to aggressive hedging and strong downward pressure in the derivative markets, which are reflected in severe negative financing rates where traders rush to palaces. but, The financing rates were turning positive.
From the data on the series, of 10,145 participants in ICO who collectively contribute 448.5 million dollars through the official preliminary:
- 6,042 (59.6 %) have sold or transferred symbols to central stock exchanges (CEXS) or other governors.
- 3,791 (37.4 %) continues to keep, expecting better sale opportunities.
- 312 (3 %) increased the pump holdings.
Do you deserve the price?
Let’s talk about evaluation. At the current prices, POMP has a maximum diluted market between 5 and 6 billion dollars. This is huge for a new symbol. But is it justified?
This is what the numbers tell us:
- pump.fun (pump behind) generates about $ 540 million in annual profit
- This gives the pump the price ratio to 9.6X profits
- This is higher than the Letsbonk competitor (5.4x) but it is less than Raydium (65X)
The platform contains about 100,000 active users per day, and here Kicker – each user creates an annual profit of $ 5400 on average. This is incredibly high compared to other platforms.
Anxiety? Pump.fun sizes – from $ 11.6 billion in January to $ 3.6 billion in June. If this trend continues, it may be difficult to justify the current evaluation.
The bottom line
The launch of $ PUMP was one of the largest and most successful code launch operations for this year, challenging many tapes around it. But will it rise to the noise level?
The distinctive symbol at a crossroads. She has money, users and a growing direct broadcasting platform with more upcoming features. But it also has competition, sizes, and a fast transportation market.
For merchants, we believe that the message is clear: Pump has given a lot of attention and discussions about its evaluation and future that makes it a great business advantage.
Pamphlet $ Pump: ICO for ages First appear on Bitmex Blog.
