$PONS was trading at a $40m market cap when I updated my thesis with this data. It subsequently went on to deliver nearly a 25x return.
Price action can remain painfully boring for extended periods, but that’s often where the best trades are made. Anyone can chase momentum but the real edge lies in identifying an opportunity, building conviction and taking a position long before the crowd shows up.
That’s what separates good traders from the GOATED ones.
I believe $PUMP is currently undervalued by a factor of 10. It may not do a 10x from here but may do 5x? Now consider what that could imply for $BATON, given its leveraged narrative exposure to $PUMP.
You do the Maths, Den. Do the Maths.
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Snipers Den Per defilama, $PONS is now the 15th largest protocol by fees earned. Now on course to make well over $200k per day. Which makes it 0.2x of $PUMP. At 0.2x of $PUMP, it's MC should be $350m right this moment which is still a 10x from here. Clearest R/R in the…
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