OKX to List Pump Today: Token Sees Significant Inflows and Buyback Rumors Despite Declining Volumes
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OKX to List Pump Today: Token Tanks Another 6% – Despite Declining Volumes, PUMP Saw $3.71M in Smart Money Inflows and a Rumored $31M Buyback.
Despite declining volumes on its platform, the Pump.fun token will list on OKX today at 7:00 AM UTC, as previously announced. Notwithstanding this decline, the token has reportedly seen a significant influx of $3.71 million in net smart money inflows, indicating that some market players still believe in the meme coin’s potential for growth.
A Rumored Buyback Initiative
Moreover, rumors surrounding a substantial buyback initiative of $31 million have been circulating on social media platform X (formerly Twitter). This has sparked concerns about the stability of PUMP’s price, as it may attract more buyers and stabilize its value.
Market Saturation & the Road Ahead
Interestingly, BitMEX analysts also highlighted a concerning macro trend: a drastic decline in volumes on Pump.fun’s platform. This development raises questions about whether PUMP’s dominance in the Solana meme coin space is facing its first real challenge as competitors like Bonk BONK ($0.000035) gain traction.
In contrast, the token has defied initial expectations by debuting 40% above its presale price at $0.0056 even with an initial unlock rate that was high.
Source: www.coinspeaker.com
