that near 50% pump on uni, around 6 bil circulating/9.5 fdv, very impressive considering their revenue now let's compare to a newer token, pump, aggressively expanding, and devoting almost all of their substantially higher revenue to buybacks, at a much lower circulating/fdv

fwiw I think the uni reaction is extremely bullish and shows great risk appetite, and many react to pump like I typically react to uni only a matter of time until it gets a similar rerating though

reading the uni bull cases, they're annualized on uni + total lp fees going to buybacks, while assuming that dramatically cutting into lp profits is somehow not going to result in a mass exodus from uni, thus cratering the fees should be fun to watch