๐ $PUMP
Buyback Madness: Is the Next 10x Loading?
Price: $0.005491 (-3.17%)
The Solana memecoin engine is heating up again โ $PLUMsurged 13% to $0.0034 as massive buybacks and burns shake the market. Since July, over $31M worth burned (6.7% supply gone), with $12M torched in just the last week. The deflationary push has traders eyeing the next big run.
๐ฅ Why the Hype?
Project Ascend (Sep 18): Sparked a 40% jump in token launches, helping $PUMP peak near a $3B market cap.
Revenue Monster: $677M in revenue generated, with $10M+ weekly fees โ fueling almost half of Solanaโs tokens (49%).
Creator Boost: 25% of supply airdropped to creators, plus talk of $50K+ prize pools for streamers.
Community Flex: $BAGWORK streamers alone earned $300K โ proving $PUMPisnโt just hype, itโs delivering real rewards.
๐ Chart Check:
RSI at 65 โ bullish energy still alive.
Short-term zone: $0.004โ$0.006.
December upside: $0.008.
Long shot: $0.03 (10x potential ๐), but expect some volatility.
โ ๏ธ Risks: The $PNUT lawsuit hangs in the background, but strong revenue streams are keeping sentiment positive.
๐ Takeaway: $PUMP is fusing deflation, adoption, and creator rewards to cement its spot as Solanaโs memecoin leader. The question is โ do we see 10x, or just another dip before the next blast-off?