Pump.fun investor's "PVP New Trench," surged 200 times in 6 hours

Earlier today, a token named "Trenches" entered the market's radar, breaking out after 9 days of dormancy on the Pumpfun internal exchange. Today, it successfully "launched" and surged past a $7 million market cap within 2 hours, subsequently surpassing a $10 million market cap, currently priced at a $7.5 million market cap. "Trenches" is not a new concept in the Solana community, as the native term has gained popularity in the Degen world, with the cultural significance of "trenches" deeply rooted. So, what sets this "new trench" apart?

What is Live Trenches Trenches?

Trenches is a new live streaming platform project that delves into and comments on top products in the crypto industry through pump streaming. The first live broadcast will air at 4:00 p.m. Eastern Time, corresponding to 4:00 a.m. on May 29th in Beijing time. This live broadcast has invited several heavyweight guests, including @jnwng, Drift Co-Founder @cindyleowtt, and @NaytheForceBwU. Trenches was developed by Crypto Carl (@CarlKVogel), whose previous live streaming platform 6MV successfully raised $1.4 billion.

All-Star Endorsement Lineup, Is Dev Actually a Pumpfun Investor?

Trenches' founder Carl is a dual master's degree holder from Harvard Business School and MIT, who previously worked as a product manager at Google. Now, as a partner at 6th Man Ventures (6MV), he has backed projects such as io.net, Magic Eden, Gelato Network, among others.

According to Twitter user @timotimo007, Carl is believed to be one of Pumpfun's "major investors," although it's not confirmed, 6MV has recently been frequently retweeting Pumpfun content.

Carl himself recently revealed on Twitter his launch of the Trenches live streaming experiment. He mentioned his hope to use live streaming to "learn while playing" about the product and to help more people understand the underlying technological logic. Additionally, due to Pumpfun's previous suspension of live streaming functions due to compliance issues, the sudden launch of Trenches' live streaming is seen by many as an early warm-up for Pump's live streaming "comeback."

According to an analysis by @Adel_Lynn_ on Twitter, Trenches had a suspected purchase of $163 worth of tokens by an address believed to be Carl on May 19 (9 days before the launch). The current profit has reached $300,000, suggesting that there may have been some premeditation and fund operation behind the project.

On-chain data further indicates that Trenches exhibits "whale-like" characteristics, having undergone multiple pump and dump cycles, with the current market cap fluctuating around $7.5 million. Adel is very bullish on Trenches, even stating that its market cap "might break $15 million," primarily due to the project's narrative potential, combined with the Pump live broadcast and endorsement from industry insiders. The live event may bring new attention and buying pressure, especially after the 4:00 PM EST broadcast. However, Adel also reminds that Carl has publicly stated that Trenches is an "experiment," and advises investors to patiently await a pullback.

Overall, Trenches is more likely a significant trial within the Pumpfun live broadcast ecosystem, leveraging Carl Vogel's industry background, $6 million in funding, and narrative innovation through live broadcasts, showcasing considerable short-term potential.

However, the project's experimental nature also introduces uncertainty. If one is optimistic about the future development of Pump live broadcasts and the endorsement effect of industry insiders, it may be worth monitoring the market performance post-broadcast. Will Trenches become the "new trench" and drive further development of the Pump live broadcast ecosystem? Let's wait and see.

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