What happens when a buyback machine meets an unlock schedule? $PUMP is finding out.

Pump.fun has bought back $469 million of PUMP since July 2025 — $20.4 million in the last 30 days, a fifth of its market cap at that pace. October revenue was near $62 million, the top launchpad on Solana. I'm watching the supply side answer.

November's linear unlock releases 6.77 billion PUMP, about $27.7 million, and three team or early-investor wallets moved their monthly 1.458 billion unlock to an institutional trading venue — the same amount as October, worth $5.01 million now against $7.58 million then. The unlock didn't change. The price did.

PUMP trades near $0.0029, down 16% in a day, 36% in a month, 67% under its record high.

Support $0.002471
Resistance $0.003361

A daily close under the floor opens the next leg down; reclaiming the ceiling puts the buyback bid back in play.

The buybacks or the unlocks — which side wins the supply war into December?

NFA, DYOR.

$PUMP #PumpFun #Buybacks #TokenUnlock #Crypto