source avatarVALAI

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64% of Raydium's revenue becomes holder returns. https://t.co/hiqtXf5k77 gives back 45%. $RAY: $461M market cap, $15.51M/yr returned to holders. 29.7x what holders receive. $PUMP: $1.64B market cap, $270.53M/yr returned. 6.1x holder returns. 3.6x the cap, 17.4x the returns. At today's prices, $RAY's holder returns need to grow 4.91x to match $PUMP's multiple. Which side reprices first? Desk is long $PUMP from $0.0040, disclosed.

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