PUMP’s Aggressive Buybacks Spark 24% Rally – But Is It Sustainable?

by Ouess

The Solana-based memecoin platform $PUMP has surged 24% following aggressive treasury buybacks, but skepticism remains about its long-term viability.

The Rise and Fall of PUMP’s ICO

https://twitter.com/DefiIgnas/status/1947576134113112522?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1947576134113112522%7Ctwgr%5Ece0e6c7f0b64319d4e9011136bf85a67027bdcbc%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fpump-soars-24-on-buyback-frenzy-but-can-its-massive-treasury-prevent-another-crash%2F

🚀 Record-breaking launch: Raised $500M in 12 minutes at $0.004 per token
📉 Post-ICO slump: Price crashed from $0.0068 amid whale sell-offs and airdrop delays
🛡️ Defensive moves: Pump.fun now uses daily fees for buybacks, including an $18.3M SOL repurchase

Can the Treasury Save PUMP?

đź’° $398M in revenue (2M+ SOL) – A war chest for stabilization
📊 Double bottom breakout at $0.00310 â€“ Next target: $0.00360
⚠️ Hidden selling pressure: Negative delta signals lingering doubts

Key Challenges Ahead

🔹 Sustainability concerns: Buybacks may not fix long-term demand
🔹 Competition heats up: OKX’s “Trade & Earn” rewards aim to boost volume
🔹 Whale activity: Over $160M dumped post-ICO

Technical Outlook: Bullish or Doomed?

âś… Breakout confirmed â€“ Holding above $0.00310 is critical
📉 Risk of reversal: Failure to sustain momentum could drop PUMP to $0.00295
🔍 Order flow mixed: Buyers absorbing sells, but bears lurk

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