Last night, Pump's four little brothers began to pull the plate: $Alon #trenches $trencher $Cupsey Live streaming platform #trenches has finally bottomed out The Pump mascot $Cupsey has almost doubled This indicates that the issuance of Pump is getting closer and closer Community circulation: worth $4 billion, 15% public offering, raising $600 million, team hemp Currently $bonk 2B $gp less than 100 million, negligible The pump is 4B, guess it's all unlocked Judging from the latest market share Bonk is still stabilized If the market share of Pump is second, without a premium Or the platform with the second market share does not deserve a premium Then the reasonable valuation of Pump should be around 1b As a result, the atmosphere at this time was extremely low The reason for this situation now, on the one hand, is that a group of strong banks on BONCK are doing things before the pump is issued On the other hand, Pump was unable to fight back due to regulatory pressure before the issuance of coins What we can see is that the platform for issuing coins does not have a very thick moat. The ruthlessness of the old villagers to the table All of the above can be discussed But there is no doubt that Pump has chosen an extremely bad timing for the issuance of coins Is there any hope that Pump will regain the first place? If the follow-up pump spends another money to fight back, and defeat Bonk It's possible But overall, the first-tier meme is already downhill