Where Does $PUMP Stand After the Big Buyback?

[penmro]

$PUMP made serious noise last week. and now things are getting interesting again.

After a massive buyback (reportedly using over 100,000 SOL), the price pumped hard… but didn’t hold. Over the past few days, it’s slid back nearly 20% from the top, with some big players making exits.

Here’s what’s happening:

• Buyback Blitz: Reports say between 118K–188K SOL (around $16M–$30M) was used to buy back $PUMP. That alone got everyone talking.
• Price Reaction: $PUMP is down 12% in the past 24 hours and trending around $0.0058.
• Early Wallets Out: Over 6,000 wallets from the presale have sold or moved out more than half of the original buyers.
• Whale Moves: Two major funds sold off around $86M worth of tokens. It’s had an obvious effect on sentiment and price.
• Market Shift: While $PUMP cools off, newer tokens like $BONK2 on LetsBonk are grabbing attention.

Here’s the tweet that marked the start of the buyback wave:

https://twitter.com/x/status/1944804108570898734

So what’s next for $PUMP?

Does it still have legs or was that buyback the last major play?

Anyone here still holding, or are you rotating into newer plays?

drop your thoughts and let’s break it down.