Post
Happy_shanky
I’ve been leaning toward the view that this rally may be getting close to exhaustion.
Yesterday, I opened another short on $PUMP. The token has already surged nearly 5x from its lows. While buybacks and burns can help sustain momentum, the upcoming monthly unlocks could introduce significant selling pressure.
With less than 50% of the total supply currently circulating and nearly $50M worth of tokens scheduled to unlock each month, the downside risk shouldn’t be ignored.
#DailyOrbit
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