Anthem, a well-known figure in the cryptocurrency market, said that PumpFun’s native token is $pumpits value could increase by 10-15 times if it improves its relationship with the community and delivers on the previously promised airdrop.
In its assessment, Anthem stated that token buybacks alone may not be enough to support the project’s valuation. Anthem noted that Hyperliquid’s annual revenue is approximately $800 million and PumpFun’s annual revenue is approximately $440 million, and reminded that both platforms regularly use a portion of their profits to buy back tokens.
However, he pointed out that the difference in valuation of the two tokens is quite large. According to data shared by Anthem, HYPE has a fully diluted market capitalization of approximately $65 billion. $pumpThe fully diluted valuation remains at approximately $1.4 billion.
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According to Anthem, the main reason for this huge difference is not the company’s revenue performance, but rather the “trust premium” created by team actions and market decisions. Anthem noted that the Hyperliquid team rarely overpromises, regularly launching new products and rewarding core users based on predetermined criteria, and said this approach builds a high level of trust between the team and the community.
Anthem said Pumpfan has generated about $1 billion in revenue to date and raised $1 billion through token sales, but added that the promised airdrops have not yet been delivered to users.
Anthem argued that if the Pump.fun team can deliver on the promise of the airdrop and address the concerns of the platform’s core users, the payoff will be significant. $pump This could increase by 10-15 times. He pointed out that such developments will not only boost the token price, but also increase the platform’s trading volume, popularity, and revenue.
In his assessment, Anthem used Bitcoin as an example, saying that Bitcoin’s ability to reach a market capitalization of approximately $1.3 trillion, despite not generating revenue, was made possible by the trust built by the fixed supply of 21 million units and the uninterrupted operation of the network.
*This is not investment advice.
