The timeline is euphoric, but in reality the trenches aren't getting bigger, users are just migrating. • There's 30,000 tokens created daily by 10,000 "devs". • 200-300 migrations. • 150M volume generating 1.5M fees a day. Except 75% is now happening on Bonk in a market which has been dominated by Pump for 1.5 years. The real fun begins when there’s another wave of fresh TikTokers.