PUMP needs a genuine, retail PR pivot: - Their users are rekt - No airdrop. - Extractive ICO - Trading below ICO sale - Continued to send SOL to CEXs (to dump) BONK now DOMINATES by all metrics. Most notably: - 85% market share in daily graduate tokens - 82% dominance in volume - Crucially, 5x the revenue at $1m BONK has better image of community aligned launchpad: - Supported Solana after FTX collapse - Airdrop to Solana community - 50%+ buy backs and burn for BONK (vs. not-really-transparent PUMP buy backs) I'm writing this while holding a small bag of PUMP, expecting a real pivot from the team. But their lack of transparency is a huge concern. - Is the team still greedy to deliver after they got generational wealth for themselves? - Is the airdrop coming? - Are they shipping new features? - Will they automate and increase buy backs? Overall, launchpads are a bull run phenomenon: they always come and go. Yet PUMP has strong mindshare and a notable brand name. Unfortunately, that 'notable brand name' is negative for many due to extractive actions and lack of transparency. Pump is now the underdog against BONK. But at the 50% the MC of BONK, a hated, scam pump rally for PUMP isn't improbable.(Ignas | DeFi)