PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

avatar
Asher
6 hours ago
This article is approximately 1029 words,and reading the entire article takes about 2 minutes
Whether and when the PUMP token will be airdropped has become the core focus of the current community.

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

At 1 a.m. this morning, the PUMP token, which reached the full $500 million public sale quota in 12 minutes, officially opened. The opening price reached a high of $0.0061 and then fell back to around $0.005. It has now rebounded to $0.0059. Although there have been disputes about PUMPs valuation and transparency, judging from the opening price performance, investors who participated in the public sale at $ 0.004 are in a profitable state no matter when they sell.

It is worth mentioning that although Binance has not yet launched PUMP spot, Binance Alpha has currently launched PUMP tokens.

As long as you participate in the public sale, you will make money

“Whether you are hedging or betting directly, as long as you participate in the public sale, you will make money.”

Although there were still controversies before PUMP officially opened, users who participated in the public sale basically achieved brainless profits. Whether it was hedging in advance or directly holding coins to gamble on the market, as long as they entered at the public sale price, they almost always received considerable returns.

KOL 0xSun also shared the whole process of participating in the PUMP public sale: the public sale received a total of $1.45 million, and hedged $1 million at $0.0054. If all were sold at $0.0054, the net profit and loss would be about $500,000. If it is cashed out at a higher price, the profit space will be further expanded.

Wintermute, DWF Labs, or both are market makers for Pump.fun

Last night, the Pump.fun project transferred 13.75 billion PUMPs to Wintermute, which is worth $55 million based on the public sale price of $0.004 and is currently worth nearly $80 million.

PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

Wintermute received 13.75 billion PUMP tokens

In addition, DWF Labs also received 2.5 billion PUMPs from the Pump.fun project within the next 2 minutes, which is worth 10 million US dollars based on the public sale price of 0.004 US dollars, and is currently worth nearly 14.5 million US dollars.

PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

DWF Labs Receives 2.5 Billion PUMP Tokens

In addition, there were many different opinions on the issue of subscription for the public sale exchange. Judging from the on-chain data, at least the quota was given before the opening. According to the on-chain analyst Ai Aunt @ai_ 9684 xtpa monitoring, the Pump.fun project has transferred a total of 20.15 billion tokens to various exchanges, including:

Gate: 6.41 billion (likely including Launchpad’s 2.5 billion);

Bybit: 5 billion;

Suspected Kraken: 7.5 billion;

Address 2XQbX...iNrPm : 1.25 billion.

The ownership of the last two addresses has not yet been determined, but they are most likely exchange addresses.

When will the airdrop happen?

It can be said that those who participated in the public sale at $0.004 have tasted the sweetness, but as of now, Pump.fun officials have not issued any clear announcement to the community regarding the PUMP token airdrop , which has left many early participants with doubts.

According to the previously announced PUMP token economic model, the total supply of tokens is 1 trillion, of which up to 24% of the total supply will be reserved for community and ecosystem plans. As a rule, many projects will take out a portion of this amount before and after the token is launched and directly airdrop it to early users as an incentive.

PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

PUMP Token Economic Model

However, although the PUMP token has been officially launched for trading, the official has not yet made any clear statement on the airdrop. Whether the airdrop will be carried out, whether the snapshot time has been set, or the specific distribution standards and target range, it is currently in a state of hearing the name but not seeing the form. The continued silence of the project party has made some early users confused and even anxious.

Judging from the feedback on social media, the Chinese community has been relatively restrained in criticizing the airdrop, with more discussions on how to make a profit from participating in the public sale. In the English community, the doubts, complaints, and disappointment about the airdrop are more concentrated and emotional. Many users have begun to question whether the Pump.fun project team deliberately kept the airdrop information vague in order to control the flow of funds and market expectations and avoid triggering short-term market fluctuations or selling pressure. Some even believe that Pump.fun intends to deliberately cancel the token airdrop.

PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

A meme showing the English community’s dissatisfaction with Pump.fun’s failure to announce the token airdrop

There is also a view that the project may deliberately delay the announcement of the airdrop to avoid excessive short-term selling pressure. According to the chat records shared by KOL Tushen, the co-founder of Pump.fun, Alon, The airdrop mechanism has been designed and will be announced soon. This means that the airdrop is still in the plan, but the time has not come yet. Perhaps the project intends to delay the announcement to maintain the market rhythm and expectation management.

PUMP new shares are a sure win, but the airdrop has not yet arrived. Should you go long or short now?

Pump.fun co-founder alon related chat records

In general, whether PUMP will be airdropped as scheduled, the coverage of the airdrop targets, and the transparency of the distribution mechanism will directly affect the community sentiment and trust in the early stage of the project. For many early supporters, what they are most looking forward to now is that the project can give a clear answer as soon as possible.

According to Coinglass data, the current PUMP open interest in the entire network has risen to US$790 million, a 24- hour increase of 35%, and the 24- hour contract turnover is US$2.307 billion, an increase of 155%. At present, the Binance contract funding rate is positive, and bulls are still frantically going long. So, whether to follow the trend and go long, or choose to wait and see, wait for the heat to subside or the airdrop FUD sentiment to spread before taking action, depends on personal risk preference and operating style.

Additional reading

PUMP was sold out in 12 minutes. Which of the two scenarios after the opening do you believe?

Original article, author:Asher。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

Recommended Reading
Editor’s Picks