The Bull Case For $PUMP PUMP / TetherUSBINANCE:PUMPUSDTTheCryptoFireEven with those scary unlocks looming in the distance, the current setup is incredibly favorable. At today's cheap prices, the protocol bought back around seventeen billion PUMPUSDT tokens just in January. Over the past seven months, they have bought back roughly eighty five billion tokens in total. At these low price levels, the buyback capital is more than enough to completely absorb the new supply hitting the market. They are gobbling up ten to fifteen billion PUMP tokens while only five billion are unlocked each month. Based on those numbers, the chart looks incredibly primed for growth. Even brought up the fact that they raised over one billion dollars last year. A huge chunk of that money is just sitting in their treasury, giving the team ridiculous buying power if they ever need it. A giant treasury is a great safety net, but it also means you have to trust the team completely. They could always make bad investments or waste the capital. So while the treasury is a bullish signal, it means management quality is everything. Just remember to circle July 2026 on your calendar. You will want to revisit your position before that massive team unlock happens.