unfiltered thoughts on the pump launch: > most people are focusing on FDV instead of circ for pump and comparing it with bonk & other coins. pump fdv is a meme as there's no unlocks for a long time post-launch > there's no shortage of demand. Hyperliquid shows how much appetite there is for pump > 1k addresses bought 75% of the public sale. I expect a lot of these buyers to either add more or hold depending on the fdv - rather than doing a quick flip > 18% of the supply was sold privately and will be unlocked on day 1. assuming most of these funds want to have some midterm/longterm exposure, not much sell pressure should come before at least a 2x or more > pump is a directional bet on degeneracy + onchain activity - coins that had this premium before might lose some of it > pump is an attractive investment for funds who couldn't have an explicit bet on degeneracy before, or couldn't justify betting on fartcoin/memecoins in general > initially, it's possible that bonk and other ecosystem tokens see a correction due to everyone wanting to play pump's launch - shouldn't take long before they go back up > this is a good catalyst for $sol to perform well, although I'm relatively cautious due to Hyperliquid's size at this point Will look to offload my presale buys by the time PUMP FDV is at $12B or circ around $4B-$5B