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🚀 $PUMP Jumps 15% as a Short Squeeze Fuels Momentum $PUMP rallied 15%, climbing to approximately $BTC 0.00245, with the move largely driven by a wave of short covering. 📈 What's Behind the Rally? The catalyst appears to be a short squeeze. Following the recent token unlock, only around 4% of the unlocked supply reportedly made its way to exchanges. The anticipated wave of selling never materialized, leaving many bearish traders on the wrong side of the trade and forcing them to buy back positions, accelerating the rally. 🔥 Ongoing Pump.fun token buybacks and burns continue to provide a deflationary narrative, helping support market sentiment. ⚠️ What to Watch Next While the price action has been impressive, the move appears to be driven more by positioning and sentiment than by a major shift in fundamentals. Keep an eye on: • 📊 Changes in open interest and short positioning. • 💰 Exchange inflows and liquidity. • 🔥 The pace of future token buybacks and burns. Momentum can extend during a squeeze—but chasing rapid moves always carries elevated risk. $BTC $ETH #PUMP #Crypto #MemeCoins #ShortSqueeze #EarningsRealityCheck #EarningsRealityCheck #AMDBeatsButDrops