Zhu Su: Pump.fun’s TGE further boosted the demand and price of SOL
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最新报道：According to a report by Bijie.com, Zhu Su, founder of Three Arrows Capital, expressed his market opinion that "Pump.fun's TGE boosted the rise of SOL" for the following reasons: Pump.fun itself does not hold a large amount of SOL, so it will not cause price pressure by selling SOL, eliminating the market's concerns about "selling risk"; The market has misunderstandings about Pump.fun's selling of SOL. Users usually buy SOL in US dollars, participate in Pump.fun's transactions and pay SOL fees, and the platform then converts SOL back to US dollars. This model is just a regular consumer business process and will not directly lead to a drop in SOL prices; Pump.fun's high revenue in the Solana ecosystem (such as a monthly revenue of US$106 million in November) has attracted more market attention, highlighting Solana's potential as a high-performance blockchain. This will not only attract more developers to build projects on Solana, but may also drive the revaluation of SOL as an investment-grade consumer protocol; Solana ecosystem investors who participated in the Pump.fun ICO tend to reinvest their funds into SOL after making a profit, further driving up its demand and price.
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