PUMP takes the buyback like an imperial edict: in a quarter of an hour, massive orders that were net buying flip cleanly to net selling—while the middle is still stubbornly hard-absorbing. The hottest narrative is handing chips to the very latest entrants. In three hours, the capital flow line turns entirely red across all twelve markers, yet in the most recent quarter of an hour the big orders flip to net short. Only middle-market individual investors are left holding the bag, propping up the bids for the distribution that the “flood” can’t push through. Sentiment is pinned at the limit; all overbought indicators are flashing at once; volatility intensity is cranked to the max. The louder the good news, the closer it is to the top.