LetsBonk recently exceeded Pump. Fun to become the main launch of the memes piece on the Solana network.
This development comes just in front of the generation of pump tokens generation (pump) (TGE). Here is an overview of how the launch of the pumping tokens could affect Bonk and the current domination of LetsBonk.
Tge de pump.fun raises big questions for Bonk
As Beincrypto reported, the domination of Pump. Fun in the Launchpad sector of the same part was challenged by LetsBonk for the first time. The data indicates that LetsBonk commands a market share of 54.80%, a 24 -hour negotiation volume reaching 563 million USD.
This step caught the attention of the community, especially just before the TGE of Pump. The event should considerably influence the Solana ecosystem and the meme parts market.
Given its current performances, Crypto Analyst Unipcs shared a perceptive perspective on TGE of Pump.fun and its implications for Bonk and the Letsbonk ecosystem.
First, the UNIPCs believe that Letsbonk will be “the leader of the industry in the predictable future”. This perspective is attributed to several factors, including its strategy and user -friendly alignment with the Solana ecosystem.
“”[LetsBonk’s] Growth has been purely organic and motivated by alignment with the Solana ecosystem, without promises or expectations in terms of token or incentives since the Bonk token has existed before its launch and it has always been clear that the costs will be bought and combustion of Bonk, “said Unipcs.
Second, the UNIPC suggest that Pump’s TGE could be a Haussier catalyst for Bonk, strengthening the Letsbonk ecosystem. This vision questions the concept that TGE of Pump.fun could drain the liquidity of the main parts and the ecosystem of LetsBonk.
According to the UNIPC, such an impact could have been plausible one to two weeks ago, but it no longer holds.
“If Pump has raised $ 4 billion and is estimated at $ 10 billion per third parties, then how much should it be worth taking into account its recent market domination and its potential for future sustained?” The UNIPC pointed out.
Messari’s research Values pumps for an entirely diluted evaluation (FDV) of $ 7 billion. However, LetsBonk demonstrates a higher value through its model, which allocates 58% of the costs to buy and burn Bonk, creating a sustained rising price pressure.
Finally, the UNIPC express optimism, claiming that the domination of LetsBonk will benefit from the larger market of coins at the wider market. This could directly contribute to greater stability in the soil price in the future.
In the midst of the intensification of competitive pressures, Pump.fun can accelerate its TGE and introduce new strategies to recover the market share. THE Tge seems to have been initiated on the exchange of doors. However, for unknown reasons, Gate deleted this information shortly after his announcement.
The TGE of Post Pump. appeared first on Beincrypto.
