Buybacks as a narrative: $PUMP TLDR 👇 Every single fee → instant buyback. Every buyback → tighter float. Every update → deeper moat. That’s the loop. And it’s why $PUMP is bullying every “launchpad challenger” out of the market. Back above ICO. Gravedancers are buyers now. The market’s reframing it like early $HYPE: – undervalued – cash-rich – asymmetric upside 100% fees to buybacks means reflexivity on autopilot. In the last 24h: $4M in fees. Annualised? $1.04B. That’s constant ammo. Those that bought the dip have already captured a clean 2x whilst supply keeps compressing. Fundamentals line up too: – $1.6B mcap vs $4.56B FDV – Comps: Hyperliquid, + other fee-printing protocols → By relative valuation vs its buybacks, $PUMP is still cheap. Now layer in the Ascend livestream meta: – relentless new launches – fees flowing back into the token – memes + buybacks = narrative ignition That trifecta pulls in both sides of the table: – disciplined accumulators stacking every dip –...