Signed in
We value your privacy
This site uses cookies to improve your browsing experience, analyze site traffic, and show personalized content.
Welcome to Pump.fun!
Pump lets anyone create coins, giving everyone equal access to buy and sell from the start. Prices can move quickly, so trade carefully.
By clicking this button, you agree to the Terms and Conditions, Privacy Policy, and certify that you are over 18 years old.
We value your privacy
This site uses cookies to improve your browsing experience, analyze site traffic, and show personalized content.
everyone saw the red screen.. nobody did the math.. because most people are only thinking about one absolute bloodbath day in China's stock market.. ¥1.1 trillion was wiped out from Chinese stocks today as China's AI bubble bursts.. nearly 4,700 stocks fell at one point.. every major index in China loses something specific.. INDEX → TODAY → 30 DAYS → FROM ATH (2007) 🇨🇳 Shanghai → -0.82% → -4.67% → -40% 🇨🇳 Shenzhen → -2.92% → -13.67% → -43% ChiNext loses 4.45% by today's close.. STAR 50 loses 40% from its peak in under 4 months, about $480 billion gone.. CSI 300 loses more than 20% from its June peak, a bear market since October 22.. now the part they left off the screen.. every one of those indexes is on that scorecard for one reason.. AI stocks are 42% of China's market value and 57% of all trading, per Goldman Sachs.. the combined value lost across mainland stocks since May is about $2.4 trillion.. that's not a correction.. that's a $2.4 trillion bill dressed up as an AI boom.. if the selloff stops here.. the bear market story changes overnight.. if it doesn't.. some of the most hyped AI stocks in the world keep paying for a boom that already burst.. and markets will price that answer in real time. the STAR 50 still trades near 100 times earnings, down from nearly 250 at its peak, while the Nasdaq 100 sits near 30.. bookmark this.. after tomorrow's close, check every row of that scorecard against today's ¥1.1 trillion..