Last night, Pump's four henchmen started pulling the plate: Alon trenches trencher Cupsey Live streaming platform trendes finally hit bottom and rebounded The pump mascot Cupsey has almost doubled This indicates that the issuance of pump coins is getting closer and closer Community circulation: valued at 4 billion US dollars, publicly sold 15%, raised 600 million US dollars, team Ma Currently, Bonk 2B GP is less than 100 million, ignored Pump is 4B, I guess it's all unlocked From the latest market share perspective Bonk is still a voltage regulator If the market share of the pump is second, without any premium Or rather, the platform with the second highest market share does not deserve a premium So the reasonable valuation of the pump should be around 1b Therefore, at this moment, the atmosphere of the pump was extremely low The reason for this situation now is, on the one hand, that a group of strong banks on Bonk are causing trouble before Pump coin issuance On the other hand, pumps are unable to retaliate due to regulatory pressure before issuing coins What we can see clearly is that the coin issuing platform does not have a thick moat. The ruthlessness of the old villagers towards the platform All of the above is up to everyone's opinion But it is certain that Pump chose an extremely bad timing for coin issuance Is there still hope for the pump to regain first place? If the subsequent pump spends money to counterattack and defeat the bonk That's just a possibility But overall, first level memes are already on the decline