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Apparently, buy pump.fun before, already, a few days after the pump ICO.
Keep in mind, the pump team has not publicly confirmed the buyback, although they left us a chutli post on X, when Ochen analysts noticed that a wallet tied to the pump.
The buyback is probably not surprising, given that we said that the pump has planned a 25% revenue stake with token holders.
“I think the big question on buyback is whether this can cause enough revenue to make a buyback in size?
One in Note blockworks research customers Last week, Conner also wrote that his team heard the buyback “discretionary and programtic”. Additionally, they are compatible with a requirement in the market for pricing captures.
“The modern crypto markets are faster than the weak price capture for low float/high FDV and project tokens,” he said.
For Connor, a private round showed that Crypto could be an ideological market, but it is not as important nowadays. He told me that, $ 100 million out of $ 700 million raised in private round came from the same check, which reflects the amount of weight behind the pump.
He said, “If this thing continues … if they double the revenue in the next 12 months, or if they are 5x revenue in the next 12 months, it all matters, because the capital (allocator) is going to support and support the evaluation,” he said.
Going back to ICO, something on the way, well, hiccups. For example, there was confusion around the allocation. The pump team announced 15% allocation, but many people saw 12.5%, assuring people that they probably reduced it in the day.
As I posted Earlier this week, a source familiar with ICO told me that the allocation is at 15% and the discrepancy “fully stems from the zodiac signs raised through CEXES, the amount that was not occupied on the onchain and therefore not initially and automatically not reflected on the dashboard.” I was also told that it was an API related issue.
Connor said that he saw the blame in both ways. In a post that was quickly edited, Bibit seemed to blame the pump before changing the language.
“Everyone knows that Solana corrected, and did not provide centralized exchange. And I think it all matters to those who are participating in these markets at the end of the day,” Connor said. However, he said that he would never have thought that centralized exchanges would be a problem for people trying to submit orders.
After going away from ICO, Connor hopes to make pump.fun to make his own Axiom competitors.
“I think the most interesting story in Crypto today is the battle between the pump and the self -respecting and, clearly, late, as a victory of the self.
“When you have a great abundance in the supply, the aggregators collect all the values, or collect a lot of values, and you can see the self -respecting right now fitting in that role. So what the pump has to do, they have to compete directly with the volunteer. They must have a place to trade.”
And to do this, they have to focus on construction from the ground because the Axiom is “very expensive” as a possible acquisition target for the pump.
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