ICYMI the Pump team just started buying back $PUMP on the open market
With 33% of supply circulating, $PUMP holders are receiving daily buybacks of $538k (assuming 25% revenue share) based on 180-day trailing numbers.
That's $196.6M annually flowing directly to token holders.
Current valuation: $6B FDV / $2.12B market cap
- Market Cap/Earnings: 10.78x (180D)
- FDV/Earnings: 30.51x (180D)
Peer comparison shows Pump trading at a discount:
- $JUP: 14.17x MC/E, 32.33x FDV/E
- $RAY: 13.09x MC/E, 27.08x FDV/E
- $HYPE: 26.78x MC/E, 80.24x FDV/E

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