Today I chatted with my fren about $LIGHT. Although I didn't keep up with this wave, the logic is still worth discussing.

1️⃣ Mechanism Layer
Platform revenue 100% is used for buyback + burn. This is equivalent to directly turning trading volume into secondary buying pressure while continuously shrinking supply.

2️⃣ Data Comparison
Currently, the revenue of lighter is approximately 1/3 of pumpfun, but its market value is only 1/15.
Based on the income/market value ratio, the efficiency of $LIGHT is about 5 times. This means that its pricing is significantly suppressed at the same income level.

3️⃣ Narrative and Drive
Heaven 背后还有 Starseed 基金
At the same time, the "opacity" of Starseed keeps the market in a state of expectation difference, avoiding short-term "good news selling";

Of course, the key is to look at the trading volume on Heaven.