Some estimates suggest there is around 3m $SOL in locked liquidity on @pumpdotfun alone.
There is one migration platform that has proven itself after a successful first round of migrations.
They are openly partnered with $BONK and $RAY and went through a full audit to make sure the platform was ready to launch.
In my opinion this is setting up for a migration narrative that will be fueled by incentive wars.
Teams are now free to take the project elsewhere and start over, rebrand, whatever it may be.
In the event this happens it's like a gold rush and $hustle is the picks and shovels play.
I believe they have built a moat for themselves with the migration platform because others don't want to reinvent the wheel and it's not part of their core competency.
@MigrateFun is only one component of $hustle but it is the driver of the buyback mechanism which is fueled by migration fee revenue.
When you think about the TAM here the numbers get pretty attractive.
I think of this kind of like a wireless carrier pricing war and what promotions/incentives can each company come up with to bring customers over.
Revenue growth is a key driver of the market right now (which is great) because for a long time making money wasn't a huge variable for alts.
There is fundamental value in some of these projects and $hustle is in the early stages of revenue growth in a market that could be worth multiples more.
Outside of the migration revenue the AI agent @AgentHustleAI is about to go full cross chain which will open up liquidity and drive adoption across new chains.
Pretty soon it will be one terminal with migrations, trading, research/coin discovery, defi, wallet, etc.
One stop shop with three revenue sources.
On sum of parts it is cheap and when comparing it to other AI agents who aren't cross chain it's 3-4x smaller in mcap.
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