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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
Odaily News MoonRock Capital CEO Simon wrote on the X platform, Despite the general public hate, I believe that privately, there are many whales who cant wait to rush into PUMP. This is why I think Saturdays 1CO will sell out in less than an hour. The heat will be real and the expectations for the 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 a quick return will be disappointed and their trades will be invalidated. They will sell and the price will start to fall. Then enter panic mode. Social media will be full of people claiming that they have been right all along - $PUMP is just a cash grab for retail investors, a scammers rhetoric, etc. As a result, the price will fall below the 1CO level, possibly to $2.5-3 billion. At that time, the Pump team, some calm traders and long-term fundamental investors will buy firmly, buying PUMP in large quantities from panic sellers and weak hands. Supply will shift from short-term speculators to long-term holders. Enter a revenge pull-the most unpopular market directly rushed to $200 Obviously this is just speculation, but I’d say there’s a 70-80% chance that this will happen.”
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