Couldn’t disagree more here $PUMP raising at a $4B when they earn more than $500m/year in rev is more than fair They raised this much bc they plan to compete with the biggest social companies in the world (not our tiny little crypto eco) And they didn’t airdrop bc honestly, airdrops are a pretty stupid thing for any company to do This is an old thing that crypto projects thought they needed to do to decentralize and not get in trouble by the SEC Those days are over. Now we can just build companies and raise capital onchain when we need We don’t need to give 50% of our companies away at the same time jsut so we don’t go to jail Time for crypto to grow up and learn how REAL companies are built We are entering a new era of crypto. People need to stop living in the past.
EllioTrades
EllioTrades25.7. klo 09.35
I rarely criticize projects but the $PUMP launch was horrific and should be a literal model of what not to do Raising this much money isn't necessary if you're project narrative is growing Meme coin launchers are not special and there is no moat Best of all they didn't drop to their power users because they know 100% those users would insta nuke PUMP must now figure out some new biz model they can control, I give it a 1/100 shot Again, this might mark the bottom but the fact we've even dropped this low indicates the public sale was dramatically overvalued Grotesque in every single way
Oh and I think $PUMP is crazy undervalued here They have almost as much capital in their treasury as their market cap is worth and yet, are still generating more than $500k/day and using 25% of that to buy back the token Always go against CT narrative, always
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