PUMP rebounded from $0.0038 and surged 18%, reclaiming the $0.004 level after the SEC’s clarification on live tokens, buybacks, and staking receipts. The agency confirmed that buybacks do not turn a commodity into a security, nor does liquid staking, boosting market sentiment. The protocol saw $24 million in inflows according to DefiLlama, and spent $1.6 million buying back 398 million tokens. The team has already repurchased and burned $463.79 million worth of PUMP, removing 16.79% of the circulating supply from the market. If favorable conditions persist, the altcoin could target $0.005, but selling pressure could also bring PUMP back to $0.0038.
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