How a Humble Meme Coin Snuck Up 13% and Might Just Make a 55% Comeback — Y’all Won’t Believe It

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Key Takeaways

Well, sir, PUMP’s been catching some wind after Wintermute, that slick trading outfit, scooped up $3.55 million worth of tokens. Now, folks are eyeing a shot at a 12% to a whopping 55% jump — don’t blink or you might miss the boat.

Pump.fun [PUMP] started rising like a bird on a spring morning after falling 67% from its all-time high—bless its little memecoin heart. It’s got itself a clean breakout and some whale-sized interest, so maybe this old dog still has a few tricks up its sleeve.

PUMP Leads the Pack, but Traders Are Hesitant

At the hour’s peak, PUMP fetches about $0.002909 — up 13% in a day. That’s a fine little hop for a memecoin, I’ll give ya that. It even outperformed the big boys like Bitcoin and Ethereum — the bigwigs still got their wallets out, apparently.

Now here’s the kicker — volume slipped 10%. That’s traders scratching their heads, pondering whether it’s a good time to buy or to hold their horses.

What’s Cooking with PUMP’s Price Rise?

This little missile defied the general market chatter with a clean break — just like a rowboat breaking free from the dock — mostly thanks to whale friends and investors piling in like it’s Christmas.

Gov’ner Solscan reports that Wintermute, that clever trading outfit, gobbled up 1.24 billion PUMP tokens, worth a cool $3.55 million, in just a day. They scooped these up from exchanges like Gate.io and Bybit, proving they ain’t shy about making a splash.

But hold onto your hat — it ain’t just accumulation. Wintermute also did a little dance, rotating 1.01 billion tokens (worth $2.69 million) between accounts, maybe for liquidity or just plain ol’ fun.

Is the Bear Market Just About Done?

This hustle fits in with a chart breakout, no doubt about it.

According to AMBCrypto’s fancy charts, PUMP finally busted through a resistance line, which it’s been treading carefully along. It closed a four-hour candle above that line — a sign the bears might be backing down for now.

If this noise keeps up, PUMP might just jump another 12% up to $0.00332. Cross above $0.0038, and you’re looking at a potential 55% leap — better start writing those congratulatory notes.

The Supertrend indicator went green faster than a cowpoke spotting a new herd, saying “bulls are in charge now.”

PUMP’s On-Chain Activity Looks Pretty Bullish

Long-term folks and regular Joes are piling in, hard as ever, according to CoinGlass.

In just two weeks, they yanked $19.53 million worth of PUMP off the exchanges — signals that they might be stacking for a rainy day or just getting ready to double down.

Traders are stacking their long positions between $0.00285 and $0.00302, totaling $2.48 million, while shorts in the same band hold about $1.81 million — looks like the bulls got the upper hand and are confident enough to dip a toe in the water.

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2025-08-03 23:12