After the pump dot fun coin reached a high of 0.187 on 7/12, the price is only 1/3 left, and now the price is really cheap compared to the protocol revenue and track ceiling, so it may be time to start deploying and see if you want to gamble
1/n
If you have faith Ben will make good on his word and create a flywheel for #launchcoin equal to or greater than that of $GP (7.5% of fees. ~750k-1M a week) these prices are quite literally free. (mathematically)
Launchcoin currently has ~1M in liquidity... even a few 100k a week would be enough to drive this back to ATHs
While things might seem scary on the outside, launchcoin has still managed to generate great volume VIA a number of very good launches this week
If we were to put emotions to the side and think outside of the CT echo chamber, we would realize that volume has been fantastic.
@pasternak has mentioned we are In "the final innings" of the flywheel and that it will be the "gold standard"
Below is a simple comparison of the P/E of Believe, Bonk, PF, GP, and Clankers.
Just like we saw $GP go up only once Tom started buying back with 7.5% of Bonk eco fees, #Launchcoin should follow suit.
If your patient and don't have a weak stomach, from a fundamental perspective, the smart trade is accumulating launchcoin over the coming days/weeks in anticipation for the flywheel. Even if it is a sell the news event, the fundamentals will outpace sellers.
My bag will likely get very heavy the longer we sit in the 60M range
This terrifying decline is mainly due to the fact that the expectation of pumpfun's issuance has passed, the good landing has become bearish, the Believe platform has not sacrificed the long-awaited flywheel since May, Ben has bought very few coins with his own wallet, and the departure of $KLED and the drama market sentiment in the middle has reached the freezing point
2/n
But recently, it can be seen that $CRAY, $ORGO, etc. still have some strength and products that will choose to issue coins on the Believe platform, and if Ben fulfills his promise, he may be able to rise like $GP recently
Ben also talked about "finally innings of the process", and Bonk's story tells everyone that the launchpad moat is also very fragile, and the pump can be surpassed in a short period of time, and the upside can be very high
3/n
Potential risks
⚠️ Ben is a big liar, everything is blowing, there is no flywheel at all
⚠️ The price fell below the new low after the rebirth of the Believe platform, and there is no strong support below, and if there is no positive news, the currency price may continue to bottom out
If you want to gamble, you can start a small bet on DCA at the current price, but another safer way is to wait for the implementation of the flywheel and repurchase plan, and buy it immediately as soon as possible, although you can't buy it at a cheap price, but it is safe
4/n
6.11K
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