six
@six
Pump doing 1M+ daily revenue on the worst day for crypto in months and whole TL is gravedancing
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0xen 🎩
@0xen
that trend line tho
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six
@six
Fair but imo that trendline only relevant if there’s a competitor taking its place, but their market share of app revenue hasn’t changed So one can’t gravedance pump specifically without gravedancing all of crypto
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0xen 🎩
@0xen
sure you can, crypto has many camps and frames. eg bitcoin folks are probably ecstatic
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six
@six
yea there will always be stuff outperforming im not saying everything is down bad the same amount. just that the pump drawdown is not a pump specific thing or else its *market share* would be decreasing, which it is not whereas for example I could gravedance like, perps exchanges which are down not just in gross volumes but are also getting share eaten by hyperliquid
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0xen 🎩
@0xen
no i mean like specifically the 'death' of something like pump dot fun is is a win for Bitcoin because it proves once again, 'everything else vapour.' market share maybe the same but the over all size of that market has severely shrunk. sentiment is at an all time low. win. there's like 40 camps in crypto that would love for the size of that market to stay small for myriad reasons.
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