PUMP Token Rebounds on Aggressive Buyback Strategy Amid Skepticism

PUMP surged 27% in a single day as Pump.fun deployed 98% of its platform revenue to buy back tokens, driving trading volume to $666 million. The MOVE marks a sharp reversal from its post-launch collapse, where whale sell-offs had pushed the token below initial levels.

On-chain data reveals the rally was engineered rather than organic, with Pump.fun systematically reducing circulating supply through market buy orders. Skepticism lingers as traders question whether the buyback momentum can sustain long-term interest.

The token's volatility highlights the high-risk nature of revenue-sharing tokens, where platform economics directly influence valuation. With PUMP now stabilizing NEAR $0.0029, market participants await signs of organic demand beyond the artificial scarcity created by buybacks.