$PUMP is just one step away from breaking the issue price, and it is foreseeable that once it breaks, the consequences will be dire. The reason it was able to surge to 0.00688 after the market opened is mainly due to multiple factors, including being completely sold out within 12 minutes of opening, not being listed on Binance spot, and the project team not releasing any positive buyback news.
It's not to say that one must short it; after all, any one of these positive factors could easily lead to a short-term rally. However, what I want to emphasize is that projects with a long-term declining value should not be considered as investment targets. Especially for PUMP, which previously sold all of its value of 7 billion $SOL without retaining any, delivering a heavy blow to P small investors. Now they come back to make another quick profit; please avoid playing with such projects.