PUMP catch up? I think you mean BONK catching up to PUMP's valuation. This is what I was talking about in other pumpfun threads about the pump token. That 4-5 billion FDV as the starting valuation is already too high for PUMP. Unless we do have a full blown alit season, the upside isn't much.

BONK FDV 2.3B
PUMP FDV (based on premarket) : 5B+

You can clearly see which of the two needs to play catch up. The influencer has around 9x more margin in the bonk trade vs the pump token trade so you need to put that into consideration too as well as more leverage 5x > 3x leverage.