Pump Token Burns $138 Million, Signals Shift in Market Sentiment and Price Action

The Pump token has made a significant move, investing $138 million into buyback and burn operations. This initiative suggests a shift in strategy from purely buying activity to a focus on long-term price floor stabilization through reduced supply. Traders are already observing short positions near the current resistance zone as price consolidates. Meanwhile, long-term bets are being placed with an eye towards targets around $0.0089.