No matter how crazy valuations for other projects can get, Pump.fun deserves its $4B FDV. After running the numbers, its revenue has already surpassed $600M — meaning every $1 million in valuation generates $150k in revenue.

As someone who’s built so-called “PMF” tools, I have to admit — I couldn’t achieve that kind of ROI in such a short time with a launchpad or any tool-style product. So I’m aping in with whatever I can afford — for myself, my family, and everyone who believes in me.

thanks to @thefireflyapp for saving me from typing this twice and letting me share it on both X and Farcaster effortlessly.