Pump.fun PUMPAnsem is optimistic about PUMP, stating it is undervalued and may enter the top ten crypto assets by market cap in the next two years
Odaily Planet Daily reports that Ansem posted on platform X stating that he will start a round of trading tracking around PUMP and plans to hold from the current cycle bottom all the way to the market top. Ansem said that when he first invested in PUMP, the price was about $0.001675, and now he will update the trading progress around $0.002544, planning to continue tracking up to the historical high or even higher. His investment logic mainly includes: Pump.fun is one of the top three platforms in the crypto industry by revenue, with about $2 billion in cash reserves; however, due to market bias against the Tokenization model, the current circulating market cap is about $1 billion, corresponding to a price-to-earnings ratio (P/E) below 2.8. Ansem believes that as on-chain activity continues to grow, especially with further popularization of mobile applications, Pump.fun will be a beneficiary. If more retail users participate in new coin issuances through platforms like Ansem's in the future, $PUMP could gain greater growth potential. He predicts that PUMP is expected to enter the top ten crypto assets by market cap within less than two years.