Pump fun has spent ~$400M on buybacks (offsetting ~40% of cs) in less than a year & still $PUMP sits at a ~$500M mc, down 70% from its ico price
also starting next month, investor & team unlocks begin ~$100M at current prices, followed by linear monthly unlocks
imo, with poor tokenomics design & weak holder confidence, recovery will likely take time but probably will as its still one of the most profitable projects in crypto & should perform better in a green market
