tokenization

👀 Gambling on a token that might just make us gamble! 👀

✨ The $PUMP token of the gambling platform Pumpfun is currently valued at $4 billion, at around $0.004 per token. In the ICO,
33% of the tokens were sold, 15% were public and sold out quickly. Pumpfun received $600 million from this sale. 33% of the tokens are in the hands of the project team and investors, which is a lot.

✨ The tokens are released immediately after listing, which means that PUMP will face heavy selling pressure (around $1.3 billion). In a market with low liquidity, it is not clear who is going to buy them.

✨ Overall, the valuation is very high, most of the tokens are in the hands of "insider" people, and the project seems to be ready for a massive sell-off. Personally, I don't find it attractive, but people always jump in the middle of the game…👍🙌