Doc 🧲(@KayTheDoc):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

2026.06.05 19:56

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

118

轉發到社區

熱門用戶