X @Ansem 🧸💸
Ansem 🧸💸·2025-09-12 01:01
RT Simon (@simononchain)following up with some relative valuation work on rev/buyback multiples - it's actually crazy where parity with Hyperliquid would place pump mc/fdv wiseif pump were to trade at $HYPE's:ann. mc/rev of 11.9x → $PUMP at $0.02219 (7.83B mkt cap, 22.25B FDV)ann. fdv/rev of 44x → PUMP at $0.02886 (10.17B mkt cap, 28.93B FDV)ann. buyback yield of 8.4% → PUMP at $0.02176 (7.67B mkt cap, 21.82B FDV)all scenarios put pump at 4-5x current prices assuming revenue stays constant@notthreadguy??? ...