Trendaavat aiheet
#
Bonk Eco continues to show strength amid $USELESS rally
#
Pump.fun to raise $1B token sale, traders speculating on airdrop
#
Boop.Fun leading the way with a new launchpad on Solana.
In less than four days, the Pump/Bonk exchange rate pair fell by another 30%, Pump 3.6 billion, Bonk 3 billion, Pump still has room to continue to go down, but once Pump falls below the price of Bonk, it will put pressure on Bonk's valuation in the short term, because Bonk no longer has an "anchor" for valuation.
I think Alon is also very clear that when the business is overtaken by bonk, this position is for the pre-sale of the white sedan chair (there are still many VCs still underwater), and the biggest benefit of pump now is also for bonk, because the hot money is going to rush the cheaper faucet. So now you can't pull, let the market digest the change of hands by itself, and if you are ready to operate the second stage, you have to trap the plate in front and run and then take back the chips below the pre-sale price.
In the next step, BONK surpasses the market value of Pump (there is a high probability that it will be realized through Pump continuing to fall for a wave)
In the next step, the two fell together, the short-term attention dissipated, and the hot money of the launchpad ran away
18.7.2025
I talked to @dapanji_eth about the Bonk ecosystem today, and some insights inspired me, although they are subjective, and I came to the conclusion directly:
1. Pump was dominant before because it lacked a truly competitive opponent, while the Bonk team had money, know-how, voice, and a mass base (this is actually very similar to the story of OpenSea being replaced by Blur
2. Compared to Alon, Tom has a long-term belief in this matter on the chain, and in addition to developing products, he will spend two hours a day in the trenches.
3. Alon actually doesn't believe in this matter on the chain, which is reflected in the behavior is indeed more interest-oriented, whether it is Sol mining and selling, high-point coin issuance or tokens are not empowered, the main one is to pay if you can.
4. Long-term optimistic that Bonk's market share in sol will rise from 70% to 90%.
These ideas translate into investment thesis:
1. If you believe that the chain will become more and more prosperous, Naked Bonk and GP
2. If you are not sure whether there will be an on-chain boom or even a decline on the chain, then Bonk more, empty Pump, to eat the profits of "price mismatch", now Pump's market value is still nearly twice that of Bonk, this option is indeed a no-brainer arbitrage opportunity in my opinion. (I have no illusions that Alon will take out money to pull the pump, the pump coin has been issued a lot, the car is so heavy, and there are not enough bears to blow up the market, and even the agreement income is unwilling to take out the empowerment, and I still expect to spend money to pull the plate to the bulls?)
My personal choice is 2, because I also think that the popularity of pump coin issuance has indeed focused the attention of funds in the short term, and as the heat passes, the whole track is watching a wave of corrections.
The chart below shows the proportion trend of Pump/Bonk after the issuance of coins, which is a new big truck altcoin, and I will ask you if it is empty
68,04K
Johtavat
Rankkaus
Suosikit