In the early hours of this morning, a token called Trenches entered the market. After being silent on the Pumpfun market for 9 days, it was successfully launched today and broke through the market value of 7 million US dollars in 2 hours, and then broke through the market value of 10 million US dollars. The current market value is 7.5 million US dollars. Trenches is no longer a new concept in the Solana community. As this Native word becomes more and more popular in Degen, the culture represented by trench has also been deeply rooted in peoples hearts. So what is different about this new trench?
What are Trenches?
Trenches is a brand new live streaming platform project that uses pump streaming to deeply explore and comment on the top products in the crypto industry. The first live broadcast will be broadcast at 4 pm Eastern Time, which corresponds to 4 am Beijing time on May 29. This live broadcast invited many heavyweight guests, including @jnwng, Drift co-founder @cindyleowtt and @NaytheForceBwU. Trenches was developed by Crypto Carl (@CarlKVogel), whose live streaming platform 6 MV successfully raised $140 million.
An all-star endorsement lineup, Dev is actually an investor in Pumpfun?
Carl, the founder of Trenches, holds a masters degree from Harvard Business School and MIT, and once worked as a product manager at Google. Now, as a partner of 6th Man Ventures (6 MV), he has invested in projects such as io.net, Magic Eden, and Gelato Network.
According to Twitter user @timotimo 007, Carl is considered to be one of the largest investors of Pumpfun. Although there is no confirmed evidence, 6 MV has recently frequently forwarded Pumpfuns content.
Carl himself recently revealed on Twitter that he had started a live broadcast experiment for Trenches. He said that he hoped to let more people understand the technical logic behind the live broadcast of the learn while playing product. In addition, Pumpfun had previously suspended the live broadcast function due to compliance issues. Trenches sudden launch of live broadcast was seen by many as a warm-up for Pumps comeback live broadcast.
According to @Adel_Lynn_’s analysis on Twitter, Trenches was quietly bought at $163 by an address suspected to be Carl on May 19 (9 days before the launch), and the current profit has reached $300,000. It is speculated that there may be a certain conspiracy and financial operation behind the project.
On-chain data further shows that Trenches has manipulation attributes and has experienced multiple back-to-back washes. Its current market value fluctuates around $7.5 million. Adel is optimistic about Trenches and even said that its market value may exceed $15 million. First, because the project has narrative potential, combined with the dual blessing of Pump live broadcast and the core circle bigwigs platform, and the live broadcast event may bring new attention and buying, especially after the live broadcast at 4 pm Eastern Time. However, Adel also reminded Carl that he had publicly stated that Trenches was an experiment and suggested that investors wait patiently for a callback.
Overall, Trenches is more likely to be an important attempt by Pumpfuns live broadcast ecosystem. With Carl Vogels industry background, 6 MVs financial support, and innovation in live broadcast narrative, Trenches has shown great potential in the short term.
However, the experimental nature of the project also brings uncertainty. If you are optimistic about the future development of Pump Live and the platform effect of the core circle leaders, you can pay attention to the market performance after the live broadcast. But can Trenches become a new trench to promote the further development of the Pump Live ecosystem? Let us wait and see.
