Taking a shot in the dark $PUMP long after watching the worst livestream of all time and seeing lose significant market share. My thesis is that the team has $2B funds from the ICO + fees & even in its worst month this year generated $40M+ in revenue

Activity data looks bleak. In the same month the team launched their token, platform fees are set to hit their lowest point since Sept '24 - a time where $SOL was 35% lower than it is today. However, in an industry that is too quick to annualize any positive data, maybe it is also an okay practice to hold off on annualizing a bad month?

If the team is competent enough to use $PUMP and their war chest to regain market share over the coming months, I think sentiment could flip quickly. If not, well...