Actually, I don't really understand the mindset of those who are still buying into PUMP.

This project is clearly over.

If those who are truly serious about the project should be giving airdrops to the community, earning good reviews, after all, so much transaction fee has been contributed.

If they really want to stabilize the coin price, shouldn't they be offering staking and buybacks? It's obvious they have no intention of buying back now.

The revenue can be benchmarked against HYPE, but the problem is that while other HYPEs have something, PUMP has nothing - no VC, pure community airdrop, 97% buyback.

HYPE has truly achieved its current status because of its grand vision, while Alon's reputation is notoriously bad.

What other stories can PUMP tell?

This project hasn't been listed on a major exchange, NEWE SAHARA was launched on Binance and UPBIT.

This hasn't even been listed on CB so far.

I have already sold all the presale coins, and I'm currently holding a short position, directly hedging into a naked short.

Additionally:

Currently, many hedging big players haven't sold because they can earn on the fees, I estimate they will continue to sell when there are no fees.