PUMP is coming... but no one’s pumping

I’ve been watching how the market is pricing the upcoming PUMP token, and honestly, the reaction isn’t just lukewarm - it’s downright cold.

On the Hyperliquid pre-market, traders are valuing it so low that PUMP would debut with a market cap comparable to PEPE.

But come on - PEPE is just a meme coin. PUMP is the native token of a platform that basically defined the meme coin scene last year:

• This is where tokens were hyped via livestreams featuring people threatening violence or suicide unless their tokens hit a million-dollar market cap.
• This is where Fartcoin was born.
• And it wasn’t just Fartcoin - tokens like MOTHER, PNUT, ALCH and others that launched on pump.fun are still available to swap on rabbit.io.

Pump.fun was one of the brightest stars of the crypto scene throughout the summer, fall, and winter of 2024 - at least until TRUMP came along and proved memes could go even harder outside of pump.fun.

You’d think anyone who lived through that era would want to own a little piece of that wild ride - a token to remember it by. But judging by the pre-market, few people are feeling nostalgic enough to buy.

Maybe the token will double - the timing of its launch is perfect, and everything’s pumping right now. But it’s unlikely to become a headline name in the crypto world.

Pump.fun was a 2024 phenomenon. The spotlight has moved on.