王小二|11月 11, 2025 10:39
I see a lot of people on Twitter comparing pump with uni's buyback, and I think it's totally unreasonable.
First of all, the pump data seems highly likely to be artificially inflated. Back when Solana memes hadn't completely died out, pump's daily revenue was only around $1M for a long time. Now that Solana memes have almost completely fizzled out, pump's revenue has not only not decreased but has actually increased, and most of the revenue still comes from the launchpad. Secondly, even if the data and buyback are real, the sustainability of pump's launchpad track is highly questionable.
On the other hand, uni is almost one of the greatest projects in blockchain history, pioneering countless innovations and remaining one of the key reasons for hope on-chain even now. Even without this buyback proposal, uni's market cap has long stayed above $7B. Of course, some of this is due to buyback expectations, but I think that only accounts for a small portion. So, looking at uni purely from a PE perspective is also unreasonable in my opinion, because this proposal is almost certain to pass and represents a monumental shift from 0 to 100.
The proposal to turn on the fee switch and start buybacks in February 2024 didn't pass due to regulatory reasons, but even then, uni's price still rose from $6 to $17.
The crypto space is incredibly tough right now, so please be cautious, cautious, and more cautious when buying coins.
Lastly, wishing everyone a happy Binance life!
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