According to @KookCapitalLLC on X (Oct 18, 2025), PUMP is presented as a straightforward way to gain broad exposure to the memecoin sector after the NFT cycle, based on the view that each market cycle creates persistent sector-maxi participants. According to @KookCapitalLLC on X (Oct 18, 2025), the base case thesis is that continuous short-lived meme token launches and recurring rug-pull dynamics will keep channeling capital into the memecoin category, which PUMP is positioned to reflect. According to @KookCapitalLLC on X (Oct 18, 2025), the upside case is a renewed meme ignition that brings retail back, making memes more likely to attract flows versus NFTs. According to @KookCapitalLLC on X (Oct 18, 2025), an additional tailwind cited for PUMP is prospective PumpSwap fee revenue from meme launches occurring after PumpSwap goes live. According to @KookCapitalLLC on X (Oct 18, 2025), the tactical takeaway is to avoid chasing individual micro-launches and instead buy PUMP to express the sector bet.