Crypto trader Ansem has announced on X that he will start a new round of trade tracking for PUMP, intending to hold the token from the bottom of the current market cycle all the way to the top. He said his initial position in PUMP was taken at around $0.001675, and he will now post progress updates around $0.002544, with plans to keep following the asset until it reaches historical highs or even higher. His investment rationale focuses on Pump.fun, which he calls one of the top three revenue-generating platforms in crypto, holding roughly $2 billion in cash reserves. Despite that, he sees market bias against tokenized models, with PUMP's circulating market cap at about $1 billion and a price-to-earnings ratio below 2.8 times. Ansem believes Pump.fun will benefit from growing on-chain activity and wider mobile adoption, and if more retail users participate in new token launches through platforms like Ansem, $PUMP could have significant room to expand. He predicts PUMP will enter the top 10 crypto assets by market capitalization in less than two years.
Ansem, a crypto trader, posted on X that he’s kicking off a fresh tracking round on PUMP. The plan is simple: hold the token from the bottom of the current cycle all the way to the top of the market. His first PUMP entry came in at roughly $0.001675. Now he says he’ll post updates around $0.002544 and keep following the asset until it reaches historical highs, or higher.
The trade thesis comes down to Pump.fun. Ansem described the platform as one of the top three revenue producers in crypto, with about $2 billion in cash reserves. But the market still shows a bias against tokenized models. PUMP’s circulating market cap sits near $1 billion, which puts its price-to-earnings ratio below 2.8 times. In his view, that means it’s undervalued.
He added that Pump.fun should benefit if on-chain activity keeps growing, especially as mobile apps see broader adoption. And if more retail users enter new token launches through platforms like Ansem, $PUMP could have more room to grow. His call is blunt: PUMP will likely land among the top 10 crypto assets by market cap in less than two years.
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