PUMP Surges 18% After SEC Clarification, 398M Token Buybacks
Key Highlights SEC staff clarified that tokens with protocol revenue and buybacks are not automatically securities, applying the Howey test focused on economic reality over terminology. $PUMP surged 18% to $0.0045 with a 57% volume spike, while protocol inflows reversed to $24 million and buybacks continued removing 16.79% of supply. Technical indicators signal bullish momentum, ...