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![CryptoMtnDrew Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::179656739.png) mtn drew [@CryptoMtnDrew](/creator/twitter/CryptoMtnDrew) on x 2620 followers
Created: 2025-07-18 11:50:24 UTC

$PUMP

Market immediately sniffed out that @pumpdotfun wasn't serious about a buy back didn't it

They're gonna have to do something a little more convincing if they want a fundamentals type of bid to show up

I do think price is being depressed by impatient ICO flippers at the moment, but I also think the XXXXX handle will be defended. Would be very surprised to see it spend any time beyond a quick liq wick below XXXXX.

But you have to admit that the memecoin casino has ceded the status of being the dominant narrative and speculative playground (mostly to majors and their treasury companies)

These treasury company PIPE deals are more lucrative to the liquid funds flipping the PUMP ICO right now, so the market is gonna have to finish absorbing all their supply before it can find some upward momentum

BONK doing well while Pump flounders is actually good because it shows you there should interest there once the flippers stop selling


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946175721807774079/c:line.svg)

**Related Topics**
[gonna](/topic/gonna)
[pumpdotfun](/topic/pumpdotfun)
[$pump](/topic/$pump)
[pumpfun](/topic/pumpfun)
[coins solana ecosystem](/topic/coins-solana-ecosystem)
[coins meme](/topic/coins-meme)
[coins pump fun](/topic/coins-pump-fun)

[Post Link](https://x.com/CryptoMtnDrew/status/1946175721807774079)