ChainCatcher reports that BitMart Research Department released an analysis report, indicating that despite Pump.fun being an industry leader, its $4 billion valuation appears excessive, especially in the context of declining market share and intensifying competition. The PUMP token lacks governance rights, revenue sharing, or utility functions, and is solely supported by brand effects.
BitMart report: PUMP's 4 billion valuation is too high and is only supported by brand effect
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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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