Crypto KOL Ansem buys PUMP

PANews July 20, Ansem, a crypto KOL, said on Twitter that he has bought PUMP around $0.001675. He believes Pump.fun still generates monthly revenue of $30 million to $40 million in a bear market, and if Solana again dominates retail activity in this cycle, Pump.fun is likely to be a beneficiary. If the team conducts large-scale airdrops (for example, more than 300 million), it could boost trading volume, attention, and platform activity the way Jito and Jupiter did at the end of 2023. In addition, Pump.fun is among the most profitable crypto protocols competing with Hyperliquid and Polymarket, and the team holds a large amount of tokens—these tokens have just started unlocking. The business core focuses on retail speculation, so there is motivation to drive token performance. During the sell-off wave during the unlocking period, the token’s value may fail to break below the $0.0014 low point.