Ansem Buys PUMP, Bullish on Its Potential as a Solana Retail Season Beneficiary

BlockBeats News, July 20th, prominent crypto investor Ansem announced that he had bought in when the price retraced to the previous support level, with an entry price of around $0.001675. The bullish thesis is mainly based on Pump.fun's ability to generate monthly revenues of $30-40 million during a bear market. Ansem believes that in this cycle, Solana will once again lead retail on-chain activities, with Pump.fun potentially being a major beneficiary.

If Pump.fun launches an airdrop of more than 300 million tokens, it may implement an incentive mechanism similar to Jito and Jupiter in 2023, boosting on-chain transaction volume, user engagement, and activity. In addition, Pump.fun is currently competing with high-profit crypto protocols such as Hyperliquid and Polymarket.

Ansem also pointed out that the Pump.fun team holds a large amount of PUMP tokens, which have recently entered the unlock stage. Since their core business is to drive retail participation in token speculation, the team is motivated to enhance the token's performance. However, if PUMP falls below the previous low of around $0.0014, the above analysis will become invalid.