Why is the repurchase of $PUMP so strong, yet the price keeps falling?
1. A total of 82.4 billion coins have been repurchased, valued at 28 million USD, accounting for 8.24% of the total supply and 23.28% of the circulating supply.
2. In terms of revenue, the income in the last 24 hours is 2.8 million USD, with a total of 105 million USD over 30 days, averaging 3 million USD in daily revenue.
This income from pump ranks among the top ten in the entire crypto market long-term, but its market value is the lowest among them. Why is this? Is it a prejudice from the old investors, or is there something unusual happening?
The prejudice of the old investors is that they believe the meme market cycle is too strong and income is highly volatile, leading them to be unwilling to invest funds in pump. In this case, pump lacks strong purchasing power, resulting in a current drop in value and being undervalued.
The second possibility is that something unusual must be involved. There are rumors that although repurchases have occurred, the team has preemptively taken profits for themselves. This raises issues of team credibility.
Which possibility do you think is greater?
