Just thinking..... Assuming $Pump is the benchmark Averages $40m in monthly fees Trades at $2.5bn MC Multiple= 62.5x (MC/Fees) This is the multiple the market pays for launchpads $GP right now Current average monthly fees: $0.46m Fair value at Pump’s 62.5 multiple: ~$28.75m MC Current MC: $30m → GP is accurately priced today However, averages tell a different story GP average monthly fees: $4.44m → fair value $277.5m MC → GP price = $9.25 GP average monthly fees (ex July outlier month): $1.8m → fair value $112.5m MC → adjusted GP price = $3.75 At $30m MC, that is a 3.75x upside assuming no growth The unicorn case $1bn MC requires GP to pull $16m in monthly fees Bonk currently drives 65% of GP fees For GP to scale, Bonk needs to deliver ~$25m monthly fees If Bonk reclaims 50% of Pump’s $40m monthly fees, GP has a clear path to $1bn = $33 per token TLDR Short term: GP is fairly priced Mid term: Clean 3 to 4x re rating just by catching up to averages Long term: Realistic unicorn case if Bonk regains and maintains dominance Catalysts: WLFI app launch New runners on Bonk Vertical movement from existing flagship plays like $Useless Verdict: GP remains one of the most asymmetric upside plays in the market.