🚨 $PUMP just entered a war with its own cap table. PumpFun burned $370M worth of tokens, removing 36% of circulating supply. Half of future revenue is now promised to buybacks and burns. That sounds powerful until you realize what happens this week: $193.3M in unlocks are coming from holders who got cheaper paper than current buyers, while token price still sits 60% below listing. So the market isn’t judging the burn. It’s judging whether insiders sell faster than protocol cash can repurchase. That’s a very different battle. Burns reduce float slowly through demand. Unlocks increase float instantly through optional supply. If unlocked wallets want exit, buybacks can become a public subsidy for private distribution. This week likely decides whether $PUMP is a yield-backed recovery story… or a treasury defending a falling chart. 🔥 Buybacks absorb unlocks 📉 Unlocks crush momentum ⚖️ Range war for weeks 👀 No edge, stay out #LayerZero10KEthForAave #USIranLongTermBlockade #PowellFinalFOMC