Is it because your resources are too good or because you are addicted to spreading rumors? Everyone is talking about Pumpfun having cheap KOL rounds. Why did I ask my VC friend a month ago to participate in a private equity round with the same valuation as 4B, but in the end, they all asked about AK and still don't have the quota? At that time, I also wrote down the logic of wanting to participate. I thought it was an opportunity to accommodate large funds, with a 20% stop loss and 50-100% upward space. In my eyes, it was a positive EV. It's that simple, everyone's judgment of the project is different, and you can choose not to participate or find opportunities to short sell after going online. Of course, that was a month ago. As mentioned in the previous tweet, the market situation has changed now, and Pumpfun's launch pad market share has been surpassed by Bonk, which will definitely affect the valuation. In addition, tonight's announcement that OKX and Binance did not support this public sale is also a negative factor. This is a very simple investment logic sharing, which can also be hard said to be accepting paid advertisements. Twitter is full of brainless vegetables and knows nothing except conspiracy theories. The data released tonight shows that VC has hit 18%, which is 720M. This public sale definitely cannot be considered an opportunity for brainless money making, but at least there is room for game. Binance's choice to go public first is also very clever. Currently, I will continue to pay attention to whether Binance, CB, and Upbit have any coin listing announcements in the next two days, as well as how the tokens will be released to determine whether to participate in the public sale.