PUMP token experienced a notable 16.32% increase, reaching $0.0033, as the team executed substantial buybacks, removing 45.5 billion tokens from circulation. This price surge was accompanied by a 40% rise in trading volume, reflecting strong market interest. Over the past month, buyers have dominated the market, with positive momentum indicators suggesting further potential gains.
Exchange holdings of PUMP decreased from 38 billion to 33 billion in two weeks, continuing a downward trend since September. The team invested $1.15 million in buybacks in the past day, contributing to a total of $195 million spent on buybacks. This strategic reduction in supply has bolstered market confidence, with the possibility of retesting the $0.0037 level if accumulation persists.
PUMP Token Surges 16.32% Amid Significant Supply Reduction
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