Orange Evening Interpretation 5.14 The pancake is flat, now it's the time for shanzhai, or more precisely, the battle time for the Hundred Regiments on the chain The pressure that Believe and @ bonk_fun have brought to Pump these past few days has been too great. I have been watching @ HidexDotAI's new meme push, and it is basically in a state of three thirds of the world. Even due to the platform coin of @ launchcoin, there have been more golden dogs running out in recent days than those on Pump. A simple example is the launchcoin duplicate good buddy bscreener aura, which has a market value of over 10m. Currently, Believe has shown its advantage, with more real name issuances. Several duplicate superfriends that went viral in the early stages have all issued real name issuances, resulting in apps with real traffic or users on Twitter now. People prefer to issue coins on the Believe platform. For users, the difference between Believe and Pump is that there is no internal market. Before the internal market, various P results with traffic also came out and went public, while those without traffic are poured in. Therefore, now Believe The platform has taken the initiative to screen, which has given small retail investors more confidence. In addition, in recent days, the FDV of Launch Coin has continuously exceeded 100m and 200m, resulting in even greater traffic. This has created today's believe meme boom. @Bonk_fun and Pump officially competed in the arena today, with each side sending a glonk. The founders of both sides personally posted a CA call to see who had more people and more money. After 8 hours, The FDV at the end of Bonk has reached 8m, with a trading volume of nearly 100m, while the FDV at the end of Pump is only 1.7m, with only half of the trading volume. From this point of view, Pump, as a launch platform, does not have a strong moat. Compared with the new platform, it is completely incomparable. Even though Pump has produced top-level projects such as Fartcoin PNUT Moodeng and a top AI agent, players do not have a strong attachment to this platform. Moreover, this platform has been using the earned SOL to cash out, which is equivalent to opposing the entire cryptocurrency market. In fact, it is not popular. Recently, there have been many golden dogs on Bonk, such as Glonk doom ikun Petunia Bonkify Useless, etc. It's just a matter of hanging up the pump, so it seems that the Bonk platform also has a chance to replace the pump. It depends on who first empowers the platform coin and builds the economic model. Now, there is a debate about the platform, Believe actually has a first mover advantage, and its approach of focusing more on real names and real traffic looks more like a regular army entering the market. Overall, it is more high-end, and high-end individuals may choose to send memes to believe, such as fast-moving consumer goods and AliExpress projects to pump or bond. In addition, the AI agent sector has recently shown signs of taking off again. The leading virtual platform has reached a bottom of 5x, and recently launched a staking mechanism to solve the pain point of AI tokens being useless. In the future, DAO governance function will also be activated. Just like the new projects that have emerged in the cryptocurrency circle over the years, AI agent tokens have started to have various economic models, which is a huge driving force for the entire sector. In the past, everyone used to speculate on AI agents as memes. After a round of bull and bear trading, old AI projects have become legitimate projects, and other AI projects have also risen significantly at the bottom. The rebound of $ai16z aixbt has been more than 3x, Goat act, an OG project that falls between agents and memes, has rebounded by more than 7x, while Fartcoin, an AI meme, has gone straight to ath with an FDV of 1.4B. Many of the pillars of the agent era have quietly rebounded in recent days, such as Griffith 7x arc 4x Pippin 4x vvv 3x. If we follow the order of the previous market rise and fall, the market may pay attention to AI agents again after this wave of pure meme market has passed. I think those projects that were once popular in the previous round and have not yet taken off are worth paying attention to. Of course, we can mark them as leaders if they have already taken off. If this round of super knockoff bull arrives as scheduled So the imagination of these leaders is still very strong.