$PUMP trades below its ICO price, at $3.6B.

Weekly generated fees are also trending down, yet remain at a respectable $10.2M.

Pump smartly launched their DEX, which generates about 50% of all fees.

From the total 0.3% swap fee, 0.05% goes to the team and 25% of that for $PUMP buybacks.

This puts Pump Fun at 17th in all crypto industry in terms of fees, just below Bonk, which is gaining market share from Pump.

- $BONK: $2.5B market cap ($3b FDV)
- $PUMP: $1.3B MC ($3.6B FDV)

Although PUMP private sale investors hold 18% of the total supply.

Earliest reported seed valuation is just $12m USD.

It's an 322x from the ICO's FDV.

$BONK is much more widely distributed.