Andy on why PUMP trades at up to a 50x discount to Hyperliquid despite nearly identical revenue: "Hype is top three, Pump is top four. Same roughly two-year revenue. And Pump trades at a 20 to 50x lower valuation." "The market is pricing the TAM of perps as far larger and more resilient than memes
Andy compares PUMP's valuation discount to Hyperliquid despite similar revenue, citing market perception of perps vs memes and unlock overhang.
Andy on why PUMP trades at up to a 50x discount to Hyperliquid despite nearly identical revenue: "Hype is top three, Pump is top four. Same roughly two-year revenue. And Pump trades at a 20 to 50x lower valuation." "The market is pricing the TAM of perps as far larger and more resilient than memes
Andy on why PUMP trades at up to a 50x discount to Hyperliquid despite nearly identical revenue: "Hype is top three, Pump is top four. Same roughly two-year revenue. And Pump trades at a 20 to 50x lower valuation." "The market is pricing the TAM of perps as far larger and more resilient than memes
The reason why PumpFun $PUMP trades at a lower revenue multiple than Hyperliquid $HYPE is pretty straightforward: 1. Investors view perps (Hyperliquid) as having more durable revenue with larger future growth potential beyond the crypto sphere, than memecoin launchpads (PumpFun) which are solely re
The reason why PumpFun $PUMP trades at a lower revenue multiple than Hyperliquid $HYPE is pretty straightforward: 1. Investors view perps (Hyperliquid) as having more durable revenue with larger future growth potential beyond the crypto sphere, than memecoin launchpads (PumpFun) which are solely re