Cut my @pumpdotfun long at almost break even after reviewing the latest in revenue + TVL on @DefiLlama. Revenue for PUMP continues to decline. Its down about 60% since TGE. running 400-600k a day when previously it was 1.2-1.5m per day. Meanwhile, BONK revenue continues to increase at almost $1m per day the past several days. PUMP hasnt made $1m or more in revenue since July 4th. No joke. At these revenues, annualized BONK p/e is 8.2 not accounting for deflationary tokenomics & additional sources of revenue coming online per @theunipcs. I think BONK will continue to re-rate higher.(CryptoCondom)