Many people say that tokens with income are value tokens. I strongly oppose this view. The so-called income-generating tokens are also built on the revenue generated from heavily speculating on tokens with no income and no real meaning. Without speculation, those practical tokens would become worthless. For example, $BANANA is a typical case. There are also tokens with high income, but if they don't empower or buy back tokens, they are of little use, like LDO.

Tokens that can truly be held through the next bull market need not only real income but also a strong moat and be a core trend for the future. I believe only PUMP and HYPE meet these three conditions.

PUMP has a strong moat in the meme coin launch platform HYPE in the DEX track and is close to a monopoly position. Most projects can't challenge its dominance.

$BONK previously was neck and neck with $PUMP . Both had similar market shares, and BONK even temporarily surpassed PUMP. As a leading meme launch platform in the Solana ecosystem, PUMP experienced a period of dormancy after its early token launch, but this time it returned with funding, effectively reshuffling the deck. In just a few days, its market share has rebounded to over 90%, basically suppressing BONK.

On-chain trading is the future trend, whether it's on-chain memes or on-chain contracts. So PUMP and HYPE can confidently bottom out in the bear market and prepare for the next bull run. #Gate广场四月发帖挑战