PANews reported on November 14th that Arthur Cheong, CEO and Chief Investment Officer of DeFiance Capital, tweeted that PumpFun has repurchased 11% of the circulating supply of PUMP tokens since launching its buyback program, with an estimated annual buyback scale of $400 million to $500 million. However, despite this, the current price of PUMP remains below its public offering price of $0.004, indicating that the market is still in a "speculative discount" phase for the asset.PANews reported on November 14th that Arthur Cheong, CEO and Chief Investment Officer of DeFiance Capital, tweeted that PumpFun has repurchased 11% of the circulating supply of PUMP tokens since launching its buyback program, with an estimated annual buyback scale of $400 million to $500 million. However, despite this, the current price of PUMP remains below its public offering price of $0.004, indicating that the market is still in a "speculative discount" phase for the asset.
DeFiance Capital CEO: PUMP has repurchased 11% of its circulating supply, but the token price is still below the public sale price.
PANews reported on November 14th that Arthur Cheong, CEO and Chief Investment Officer of DeFiance Capital, tweeted that PumpFun has repurchased 11% of the circulating supply of PUMP tokens since launching its buyback program, with an estimated annual buyback scale of $400 million to $500 million. However, despite this, the current price of PUMP remains below its public offering price of $0.004, indicating that the market is still in a "speculative discount" phase for the asset.
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