Regarding $Pump, I think this guy's analysis is sound. See Figure 2 for details. The cryptocurrency world has evolved from VCs to memes, and now, nearly every good meme has been launched on $Pump. If, as I believe, everything returns to the essence of blockchain, then coins with practical applications, revenue, and real-world asset businesses will have greater opportunities. In summary, the transition is from VC hype coins to meme coins to application-value coins (tokens issued by entities that provide real value and utility).