🚀 PUMP Token Rockets 300% Ahead of Pump.fun’s Mega Buyback—Here’s Why Traders Are FOMOing

Pump.fun just lit the fuse on its native token—and degens are scrambling for position.

The buyback bombshell
PUMP surged past its previous ATH after the platform announced an aggressive token repurchase plan. No details on size or timing yet—just enough vagueness to fuel maximum speculation.

Why this matters
Memecoin mechanics 101: Artificial scarcity plus trader psychology equals parabolic moves. The team's playing the liquidity game like hedge fund pros—except with cartoon frogs and Twitter hype.

Caveat emptor
Remember kids: Every 'strategic buyback' in crypto history temporarily pumped the price... right before insiders dumped. But hey—this time it's different (wink).

Pumpfun Buys Back PUMP TokenPump fun Buys Back PUMP Token The buyback triggered a bullish uptick for the PUMP token, which rallied over 20% to a price high of $0.00068 before relinquishing some of its gains. The token is currently trading at $0.00066, representing a nearly 10% increase in the past 24 hours. Meanwhile, the buyback comes on the heels of a price capitulation after its ICO offering. For context, the token surged to an all-time high of $0.012 on July 12 but dropped 57% to $0.0051 two days later.  Notably, an announcement from Coinbase regarding PUMP’s listing revived the token's momentum before Pump.fun initiated its buyback. Meanwhile, market observers have raised concerns about the sustainability of this "artificial" price boost, with some insisting that PUMP’s lack of utility WOULD only make the rally temporary. PUMP Fails to Build on ICO Momentum Remarkably, the Pump.fun team raised $500 million in 12 minutes following its public offering on July 12. It dedicated 33% of the PUMP token’s supply to its ICO program, selling 18% to institutional investors and 15% to retail. Despite the strong start, PUMP has quickly lost momentum, resulting in a sharp decline in its price. It remains unclear where the selling pressure came from, but critics argued that it would be difficult to hold a token that offered no real utility. For context, PUMP has no governance, staking, or mechanism for revenue sharing, making it less attractive to some. Moreover, Pump.fun’s recent decline in platform activity further adds to the skepticism. Its numerous legal fracases have led to a drop in its trading volume, from $11.62 billion in January to $3.65 billion in June. So far in July, Pump.fun has a DEX volume of $885.61 million.