According to TechFlow news, on July 20, trader Ansem stated that he has bought PUMP near the old support level of 0.001675, with the main logic being that pump.fun can still achieve monthly revenue of approximately $30 million to $40 million during the bear market phase. He believes that if Solana dominates retail on-chain trading activity again in this cycle, pump.fun is highly likely to become one of the beneficiaries.
Ansem also pointed out that if the project team launches an airdrop sized over $300 million, referencing the driving effect of Jito and Jupiter on on-chain activity at the end of 2023, market trading volume, attention, and on-chain activity may improve significantly. In addition, pump.fun often competes with Hyperliquid and Polymarket for the position of the most profitable crypto protocol, and the project team itself holds a considerable amount of tokens, and the tokens have just begun unlocking, therefore he believes the project team has the motivation to drive token performance.
Ansem stated that if PUMP falls below the previous low of approximately 0.0014, the above judgment will be invalidated.
