I think PUMP (pump.fun) is about to hit a new ATH. Launchpad-related tokens are weak right now. PONS, STONK, and AI are down roughly 50-70% or more from their highs. PUMP is going the other way, up about 9% on the day and heading toward its ATH. The Binance perp had $418M in 24h volume. Fees back it up. Pump made $7.16M over the past 24 hours, second only to Tether on DefiLlama. My read is that the market is weak, but Pump is riding its own momentum, and I think it's likely to carry through to a new ATH. The thing to watch is baton. Ansem has been a loud supporter of pump.fun for a long time, and he bought baton. Someone who has backed pump.fun all along bought the likely leader of the Pump pair himself. To sum up: the market overall is weak, only Pump is heading for an ATH, and Ansem's pick inside that is baton. I think that matters. This is just my read, not a recommendation.
Hg5Ja55T5wESq4vyFoiVCMeHXtGyVA69X2UHq8hgpump