Pump fun buybacks are becoming more transparent but they do not look to be programmatic. For now looks to be converging close to 100% of daily revenue but no guarantees buybacks remain at this level across time. Still only equates to $200k/day so unsure if price moves materially higher unless there is a huge uptick in activity possibly from protocol emissions. I think most people who wanted to sell have sold but the question remains how big is the demand side given the current fundamentals? $PUMP

I prefer my coins to have on avg $2.8M in daily buybacks. Hyperliquid