Crypto trader Ansem predicts Pump.fun (PUMP) could become one of the 10 largest cryptos by market capitalization within two years.

Ansem said he plans to track the trade from the current cycle’s bottom through new all-time highs.

Ansem Builds Bullish Case for PUMP

Ansem’s latest forecast builds on his earlier PUMP purchase at $0.001675. He bought the token with 1,500 Solana (SOL), worth about $115,000 at the time.

The trader now argues that PUMP remains undervalued relative to the business behind the token. His thesis focuses on cash holdings, earnings, and the potential for greater activity.

“top 3 moneymaker in crypto, $2B in cash, trades at < 2.8x p/e @ ~$1B circ mcap because of bias against tokenization,” he said.

Ansem also pointed to Pump. fun’s mobile app as a possible growth catalyst. The trader summarized his longer-term prediction by saying PUMP,

“will be top 10 coin by market cap in < 2 years time.”

The trader’s earlier PUMP bullish case centered on the expectation that Solana (SOL) could regain a larger share of retail trading activity. The latest thesis adds the platform’s financial position and mobile expansion to that argument.

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PUMP Needs a 926% Market-Cap Increase for Top 10

The forecast comes amid a sharp rally for the altcoin. According to data from BeInCrypto Markets, PUMP has appreciated 85.7% over the past month alone.

PUMP currently has a market capitalization of about $1.08 billion, ranking 64th among cryptocurrencies by market value. Dogecoin (DOGE) currently ranks 10th, with a market capitalization of roughly $10.86 billion.

If PUMP were to match Dogecoin’s current market value, its capitalization would need to rise by approximately 926.5%, highlighting the scale of the move needed to reach today’s No. 10 position.

However, the target is not fixed. Crypto rankings change as token prices and circulating supplies move, meaning PUMP’s eventual top-10 threshold could differ materially.

For now, PUMP remains far below the market capitalization required for that ranking. Ansem’s two-year target, therefore, depends on whether Pump.fun can translate higher retail activity and platform usage into a valuation large enough to close that gap.

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Source: BeInCrypto