PUMP rises 9.6% to $0.0038 after buyback of 240 million tokens
- —PUMP held $0.0034 and rose 9.6% to $0.0038
- —240 million PUMP tokens were bought back in a day
- —Active addresses rose to 1.2 million
- —Open interest +4%, derivatives volume +19%
Why it matters: The token buyback reduces supply, but the rally rests on speculation: sustained demand is needed to consolidate above $0.0036.
Source: AMBCrypto