$PUMP This $2.3 million buyback operation directly pushed the price up by 13%, but anyone with a discerning eye knows this is playing with fire.

This meme coin, claiming a valuation of $5.9 billion, has neither governance rights nor actual use; it purely relies on the project team's buybacks to prop it up.

Although the listing on Coinbase gave it some recognition, the platform's activity has been continuously declining, and even IncomeSharks bluntly stated, "You should have run when the project team started selling."

Now this 13% rebound is like giving adrenaline to a dying patient; it can jump around for a short time, but the fundamental issue is that PUMP is worthless except as a billboard.

If you really want to play with meme coins, you might as well go to Bonk and look for the newly minted dog coins; at least the SOL ecosystem has genuine money in its speculation.

All coins that rely on buybacks to hold up will eventually reveal their Ponzi tails; don't wait until the music stops to find out you have no chair!

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