Called $PUMP at $0.00276 on Aug 12: revenue-funded buyback, 5x earnings multiple. Day 24: $0.004287, up 55% from entry. Buyback has retired 17.7% of max supply ($405.1M spent, still $1.1M/day). Market still pays ~5.1x holders revenue -- growth kept pace with the rerate, the multiple barely moved.
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