Ansem Sees Pump.fun Token Breaking Top 10 Within Two Years

Crypto trader Ansem is predicting that Pump.fun's (PUMP) token could join the top 10 largest cryptos by market capitalization within two years. According to him, PUMP remains undervalued relative to its business behind the token. He points out that it has a significant cash holding and potential for greater activity, which he believes will drive growth.

Ansem's thesis is based on his earlier purchase of PUMP with 1,500 Solana (SOL), worth around $115,000 at the time. He now argues that the token trades at less than 2.8 times its price-to-earnings ratio and has a market capitalization of about $1 billion. To reach the top 10, PUMP would need to increase by approximately 926%.

Ansem also sees Pump.fun's mobile app as a potential growth catalyst. He is tracking the trade from the current cycle's bottom through new all-time highs and believes that PUMP will be one of the top 10 coins by market cap in less than two years' time.