Pump.fun investor's "PVP New Trench," up 200x in 6 hours
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Pump.fun investor's "PVP New Trench," up 200x in 6 hours
Trenches successfully launched after 9 days of silence, with its market cap surpassing $7 million within 2 hours and reaching a high of $10 million.
Navigating Web3 tides with focused insightsAuthors: BUBBLE, Zhouzhou,BlockBeats
In the early hours today, a token named "Trenches" entered the market's spotlight. After lying dormant on Pumpfun for nine days, it successfully launched today, surpassing a $7 million market cap within two hours, then quickly rising past $10 million. It is now valued at $7.5 million. "Trenches" is no new concept in the Solana community—this native term has grown increasingly popular among Degens, and the culture it represents has taken deep root. But what makes this "new trench" different?
What is Trenches Live?
Trenches is an entirely new live streaming platform project that dives into and reviews top-tier products in the crypto industry through pump-style livestreams. The first episode will air at 4 PM Eastern Time, corresponding to 4 AM Beijing time on May 29. The debut broadcast features several high-profile guests, including @jnwng, Drift co-founders @cindyleowtt and @NaytheForceBwU. Trenches was developed by Crypto Carl (@CarlKVogel), whose previous streaming platform 6MV raised $140 million.
All-star endorsements—Is the dev also a Pumpfun investor?
Carl, founder of Trenches, holds dual master’s degrees from Harvard Business School and MIT, and previously worked as a product manager at Google. Today, as a partner at 6th Man Ventures (6MV), he has backed projects such as io.net, Magic Eden, and Gelato Network.
According to Twitter user @timotimo007, Carl is considered one of Pumpfun’s “largest investors.” While unconfirmed, 6MV has recently been frequently sharing Pumpfun content.
Carl himself recently hinted on Twitter about launching a livestreaming experiment with Trenches. He said he hopes to explore “learning by playing” through live products, while helping more people understand the underlying technical logic. Given that Pumpfun previously suspended its livestreaming feature due to compliance issues, Trenches’ sudden launch is seen by many as a warm-up act for Pump livestreaming’s return.
Based on analysis by @Adel_Lynn_ on Twitter, a wallet疑似linked to Carl quietly purchased Trenches on May 19 (nine days before launch) at $163, with current profits reaching $300,000—suggesting possible premeditation and capital coordination behind the project.
On-chain data further indicates that Trenches exhibits "whale-controlled" characteristics, having undergone multiple wash trades. Its market cap currently fluctuates around $7.5 million. Adel is bullish on Trenches, even projecting its valuation could "exceed $15 million," citing its strong narrative potential, bolstered by both Pump livestreaming and backing from core community figures. The livestream event may attract fresh attention and buying pressure, especially following the 4 PM ET broadcast. However, Adel also notes that Carl has publicly labeled Trenches an "experiment" and advises investors to wait patiently for a pullback.
Overall, Trenches appears to be a significant attempt within Pumpfun’s livestreaming ecosystem. Leveraging Carl Vogel’s industry background, 6MV’s financial support, and innovative livestreaming storytelling, Trenches shows substantial short-term potential.
Yet the project’s experimental nature brings uncertainty. For those optimistic about the future of Pump livestreaming and the influence of key insiders, watching post-broadcast market performance will be crucial. Whether Trenches can become the true "new trench" and drive further evolution of the Pump livestreaming ecosystem remains to be seen.
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