If there is no token repurchase empowerment, there is almost no comparative reference between project revenue and coin price valuation. Only projects like Hype, which have a 90% repurchase rate, can consider their profitability. The previous round of DeFi was very profitable, but it was all the project's own share, which has nothing to do with the token. Therefore, the coin price has been continuously declining. I estimate that Pump cannot empower its own token, and it is not much different from the one issued by the Argentine President.