DeFiance Capital CEO: PUMP has repurchased 11% of the circulating supply, but the token price is still below the public sale price

DeFiance Capital CEO and Chief Investment Officer Arthur Cheong tweeted that PumpFun has repurchased 11% of the circulating supply of PUMP tokens since the buyback started, with an annual buyback scale expected to reach $400 million to $500 million. However, despite this, the current price of PUMP is still below its public offering price of $0.004, and the market is still in a "speculative discount" phase for this asset.