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The interesting part here is the buyback acceleration, not simply the token unlock. The Aug. 11 figures show: $852.5K in buybacks 299.23M PUMP bought and burned 16,617 transactions +2.8% vs. Aug. 10 +8.3% vs. the same weekday +15.2% vs. the prior 7-day average +45.6% vs. the prior 30-day average If those figures are accurate, that's a meaningful trend: buyback activity is running well above its recent baseline. But the bullish thesis still depends on whether revenue remains durable and the underlying product keeps improving. Buybacks can improve supply dynamics, but they don't by themselves guarantee a higher valuation. The cleanest thesis is: Unlock absorbed + buybacks accelerating + improving fundamentals = potential setup for a faster re-rating. The key thing to watch now is whether the market starts pricing in that improving fundamental picture rather than treating $PUMP purely as an unlock-driven trade.