Trader Ansem said he bought PUMP near the old support level around 0.001675. His thesis centers on pump.fun’s ability to keep generating roughly $30 million to $40 million in monthly revenue even during a bear market. He also said that if Solana regains dominance in retail on-chain trading activity during this cycle, pump.fun is likely to be one of the projects that benefits. The comments were reported by ChainCatcher.
According to ChainCatcher, trader Ansem said he bought PUMP near the old support area around 0.001675.
He said the main reason behind the trade is that pump.fun can still generate about $30 million to $40 million in monthly revenue during a bear market. Ansem also said that if Solana once again leads retail on-chain trading activity in this cycle, pump.fun would likely be one of the beneficiaries.
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