Viewpoint: PUMP 1CO quota may be sold out within 1 hour, and the market value will first fall to US$2.5 billion and then rise to US$20 billion

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ODAILY
07-12
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News: MoonRock Capital CEO Simon posted on X platform, saying, "Despite public dislike, I believe that many whales are privately eager to rush into PUMP. This is why I think Saturday's ICO will sell out in less than an hour. The enthusiasm will be very real, and expectations for TGE will be high. However, when PUMP starts trading next week, I doubt its valuation will be much higher than $5 billion. Many people who just want to make a quick profit will be disappointed, and their trades will be invalidated. They will sell, and the price will start to drop. Then it will enter panic mode. Social media will be filled with people claiming they were always right—— $PUMP is just a cash grab for retail investors, a scammer's sweet talk, and so on. As a result, the price will fall below the ICO level, possibly dropping to $2.5-3 billion. At that time, the Pump team, some calm traders, and long-term fundamental investors will firmly buy in, purchasing large amounts of PUMP from panic sellers and weak hands. Supply will shift from short-term speculators to long-term holders. Enter a revenge-style rally—— the most unpopular trend will directly surge to a $20 billion valuation. Obviously, this is just speculation, but I estimate there is a 70-80% chance it will develop this way."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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