PumpBTC (Governance token) (PUMP)

$PUMP working on the underside of a big level here on daily https://t.co/XukMg9Nt0m

The de facto Pump Fun CEO dropped their first newsletter yesterday

Highlighting:
- $7.2M in revenue last week
- $3.7M in PUMP tokens bought/burned (now 42% of circ supply)
- $550M of bonding curve volume, $1.65B in Pump swap volume
- App updates, social media highlights, new meme launches and more

pumpfun is a good business wrapped in a bad pa.

> #1 launchpad and rev on Sol
> $7.2m protocol fees last week
> $346.7M annualized rev
> 41.7% of circulating supply burned

ansem back + black bull created biggest launch on pump in 3 months, so trenchors re-gambling.

more volume = more fees = more burn.

but july 12 unlock throws a stone at that beautiful picture.

21% of circulating supply hitting float in 24h. first day team + insiders can sell since launch.

$PUMP itself looks strong after breaking the low, but better to let the unlock correction play out first.

if trenches stay hot after the dust settles, $PUMP could become a solid short term trade on fundamentals.

i think team also needs $PUMP higher too, they need liquidity to actually sell into.