Ansem said on X that he bought PUMP at around $0.001675, laying out a trade thesis tied to Solana retail participation and a potential pump.fun airdrop. He noted that pump.fun was still generating roughly $30 million to $40 million in monthly revenue during the bear market, which he said supports the view that Solana could again become a major venue for retail trading activity in this cycle. Ansem added that if pump.fun uses an airdrop to stimulate the meme-coin trading ecosystem, and the distribution exceeds $300 million, trading volume, attention and overall activity could improve. He also set a clear invalidation level for the idea: if PUMP falls below roughly $0.0014, which he described as the low seen during token unlock-related selling, the thesis would no longer hold.
Ansem said in a post on X that he bought PUMP at around $0.001675.
He said pump.fun was still producing roughly $30 million to $40 million in monthly revenue during the bear market, and argued that Solana could again become an important platform for retail trading activity in the current cycle.
Ansem also said that if pump.fun uses an airdrop to stimulate the meme-coin trading ecosystem, and if the airdrop is larger than $300 million, market trading volume, attention and activity could rise.
He added an invalidation point for the trade. If the price breaks below roughly $0.0014, the low seen during unlock-related selling, the investment thesis would no longer stand.
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