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@KayTheDoc
The fool didn't know it was impossible so he did it
参加 April 2024
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generational bottom tweet here
solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn Thesis @ $0.0013
$HYPE trading at ~$14B MC with ~$880M–1B annualized protocol revenue (DefiLlama).
$PUMP at ~$500M MC with ~$340M–400M annualized revenue.
Notable: $PUMP has repeatedly approached or exceeded HL on peak daily revenue days (multiple instances of 30–50%+ relative capture).
Simple scenario: Apply 40% attribution and you’d be looking at ~5.6B valuation equivalent. Conservative 50% further discount for execution risk & cycle volatility yields ~2.7B MC target.
Implies clean 5x from spot levels, excluding new expansions, additional product lines, or sustained buyback mechanics.
P/S compression remains the primary risk
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