Event:
A newly created $GLONK token brought upon a war among two platforms in order to emit memecoins. This token was emitted by both of these platforms and out of a greed for numbers, the teams began to artificially hike their numbers
Consideration of further events:
Based on all this, we believe that the future of the token will be very chic, because it is simply boosted by two major platforms. In the hope of huge numbers and overtaking each other, the project teams help investors (people who bought $GLONK), which makes their profit even greater.
Our position:
Pump.fun can quite realistically oust Bonk.fun both specifically in this situation and in general from the market. Our experts are sure that this race is totally useless to anyone and their search for numbers only increases the capital of people who invested in $GLONK. Therefore, investors who bought $GLONK benefited: even though the platforms are racing, the token price rises and liquidity increases. In fact, Pump.fun and Bonk.fun themselves created the hype which attracts more and more traders.
What will happen next?
- Artificial bubble - if this continues, $GLONK may collapse sharply after the end of the "war".
- New trend - other projects will start copying the scheme, issuing tokens on two platforms at once.
- Acquisition - a stronger platform will push a competitor out of the market.
Conclusion:
$GLONK is a potentially quirky token that can be artificially ramped to record breaking sizes. Platforms basically pay people money and instruct them to "take it - it is free." We continue to monitor the action in $GLONK
This article is not an investment recommendation!
